A blog post

IRS to Start Sending 401(k) Questionnaires

Posted on the 15 March, 2010 at 8:19 pm Written by in General

Staring this month the IRS will select several thousand employers at random to receive detailed questionnaires focusing on their 401(k) plans.

This is not an audit; rather the IRS is collecting information. Depending upon the results, the IRS may decide to conduct more audits of 401(k)s.

If you receive one, it is time to speak with your TPA or other plan specialist before returning the questionnaire to the IRS.