Attention qualified retirement plan sponsors:
The IRS has posted the IRS Operational Compliance List 2019. 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.
Please contact your Watkins Ross representative with any questions.
Blog authored by Cheryl Gabriel, CPC.