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April 2019 - Ask Tom Clark

EPCRS: Whats in it for the Plan Sponsor

Mistakes happen and in the case of 401(k) plans, even a “foot fault” in plan operation can be disastrous, resulting in the loss of the plans tax-favored status
followed by substantial fees including taxes, interest, and penalties. ankfully, the IRS recognizes this and created the Employee Plans Compliance Resolution System (EPCRS).… Read More