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MABC Mid-Atlantic Area Employee Plans. Presented by:. Cathy Jones EP Mid-Atlantic Area Manager, IRS . Catherine.L.Jones@irs.gov. Steve Detillian EP Group Manager 7629, IRS . Stephen.A.Detillian@irs.gov. Compliance Projects & Programs.

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slide2

Presented by:

Cathy Jones

EP Mid-Atlantic Area Manager, IRS

Catherine.L.Jones@irs.gov

Steve Detillian

EP Group Manager 7629, IRS

Stephen.A.Detillian@irs.gov

compliance projects programs
Compliance Projects & Programs
  • Risk Assessment & Exam Project
  • LESE
  • ATAT
  • Multi-Employer
  • 401(k)
  • 403(b)/457
  • IRA
  • Focused
emerging issues
Emerging Issues
  • Excess assets in DB plans
  • Rollovers as Business Start Ups

(ROBS)

  • IRC 409 (p) compliance
audit selection criteria
Audit Selection Criteria
  • Project cases
  • Referrals
slide6

EPCRS Update

MA

Examinations

www irs gov ep
www.irs.gov/ep

Top Ten Issues Found in AuditsThe most common issues that can be identified during the planning and initial stages of an EPTA audit.

Plan document issues

402(g) issues

Distribution issues

ADP/ACP testing issues

Acquisition issues

Vesting issues

correcting plan errors
Correcting Plan Errors

www.irs.gov/ep

The Employee Plans Compliance Resolution System

EPCRS

Revenue Procedure 2006-27

scp issues
SCP Issues
  • Spousal consent not secured per IRC 417
  • IRC 401(a)(9)
  • Service crediting not done properly
  • Incorrect compensation used
  • Improper matching contribution
  • Late contributions on employee deferrals
  • IRC 402(g) excess
audit cap issues
Audit CAP Issues
  • Form defects
    • Plan not timely updated for 401(a)(9)
    • Good faith EGTRRA amendments not timely adopted
    • No verification that “Acquired Plan or merged plan” were qualified
  • Universal availability
  • Participation Agreements not adopted