The IRS is Back with Some Brand New Corrections

Over the last two decades, the IRS has continued to evolve, update and consolidate programs to make them more accessible and meet the needs of an evolving business climate. That evolution continued earlier this year when the IRS expanded the correction options for situations when participants are not signed up to make 401(k) deferrals when they are supposed to be, and a pilot program for certain single-participant plans that file their Forms 5500-EZ after the deadline. To view the newsletter, click here.