The IRS Meets Letterman
- Introduction
- Failure to timely adopt amendments required by tax law changes
- Failure to follow the plan’s definition of compensation when determining benefits
- Failure to include eligible employees or exclude ineligible employees
- Failure to follow the rules related to participant loans
- Failure to follow rules related to in-service withdrawals
- Failure to satisfy the rules related to required minimum distributions (RMDs)
- Failure to satisfy the rules related to eligibility to sponsor a certain type of plan
- Failure to pass the ADP and/or ACP test
- Failure to provide top-heavy minimum benefits to non-key employees
- Failure to cap benefits at the annual additions limit
- IRS and Social Security Annual Limits