The Internal Revenue Service has proposed removing a small but irritating problem for many employee benefit plan sponsors, according to a recent Segal Compliance Alert.
The rule, published in the June 21, 2012, Federal Register, concerns the process for obtaining an automatic extension for filing deferred vested benefit information with the IRS and eliminates the requirement that the extension request be signed. Plans may follow the proposed rule for extension requests filed on and after June 21, 2012.
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