Attention qualified retirement plan sponsors:
The IRS has posted the 2019 IRS Operational Compliance List. The intent is to assist plan sponsors in being aware of compliance changes effective in the upcoming year with regard to their qualified retirement plans. The list includes new rules for hardship distributions, retirement plan relief for hurricane victims, and extension of past relief under 401(a)(4) nondiscrimination testing for closed defined benefit plans.
Also, did you know you should be reviewing your retirement plan at least twice a year for compliance? Read more at, Review Your Retirement Plan.
Please contact your Watkins Ross representative with any questions.
