The IRS may have made the murky world of retirement plan compliance a bit easier for sponsors to manage.
The agency has put together a quick reference tool sponsors can use to better grasp basic reporting and disclosure requirements under the Internal Revenue Code and the Employee Retirement Income Security Act.
The 12-page document provides a breakdown of all the forms and filings associated with plans, what their purpose is, which sponsors are expected to file them, to which regulatory body they must be filed, and what the approximate penalty is if the forms aren't filed.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
