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IRS expands system for fixing faulty retirement plans

By
  • Michael Cohn
Published
  • January 15 2013, 10:21am EST
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The Internal Revenue Service has released a long-awaited set of rules for correcting employee retirement plans that fail to meet the requirements of the Tax Code.

The revenue procedure updates and expands the IRS’s Employee Plans Compliance Resolution System, a comprehensive system of correction programs for sponsors of retirement plans that have failed to meet one or more requirements of the Internal Revenue Code.

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