A blog post

Does Your Company Sponsor a 401(k)?

Posted on the 20 February, 2010 at 12:00 pm Written by in Taxes

Starting next month, the IRS is sending questionnaires to a random sample of 401(k)  plan sponsors. The IRS wants to gauge the health of these plans by studying the extent to which employers are complying with plan rules and correcting errors. The IRS unit spearheading this program is the “Employee Plans Compliance Unit” or EPCU. Answers to the questionnaire could prompt someone from the EPCU to follow-up, but the IRS has not indicated whether the follow-up questions could lead to an audit.