IRS Issues Interim EPCRS Correction Guidance Under SECURE 2.0
Plan sponsors can make additional corrections via SCP, rather than VCP, while a “reasonable amount of time” to discover an...
Tag: EPCRS
Assistant Secretary Gomez Explains Upcoming EBSA Priorities
Effective disclosure, SECURE 2.0 and ESG are at the top of EBSA’s short-term agenda, according to EBSA Head Lisa Gomez.
Rules for Sponsor Self-Correction Broadened by Both SECURE 2.0 and DOL Proposal
The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS...
IRS Updates EPCRS With Additional Corrections
Among other changes, the agency has introduced two new correction methods for overpayments to DB plan participants or beneficiaries.