Retirement Plan Qualification Protection Through Internal Controls and Self-Audits
Retirement Plan Maintenance Helps Reduce Risk of IRS Disqualification
The complex rules governing retirement plans leave plenty of opportunities to make mistakes. Establishing a routine for “plan maintenance” can help minimize the risk of running afoul of the IRS requirements for plan qualification. The IRS has provided a helpful roadmap for plan sponsors who want to keep their plans running smoothly. Consider using the IRS roadmap to review the effectiveness of your plan’s operations.