The errors occurred in a wide range of areas, including rollover distributions, nondiscrimination provisions and loans. While the survey results are not necessarily definitive and some of the violations reported in the survey no longer apply because of recent changes in the law, we hope that publication of the survey results will highlight potential problem areas and help plan sponsors and employers maintain their plans.
Help is available .
For some time, the IRS has had a number of correction programs to help plan sponsors and employers retain the qualified status of their plans. Since 1992, several voluntary correction programs have allowed employers to correct violations in their plans. We have also established a closing agreement program for form violations and plans under audit. Both the compliance profile and the revenue procedure may be viewed, printed and searched by using the freely available Adobe Acrobat Reader software.