'I'm from the IRS, and I'm here to help you'

Many of you are planning to amend your 401(k) plans to allow participants to make after-tax Roth 401(k) contributions, which have tax advantages similar to Roth individual retirement accounts (IRAs). The IRS recently issued a model amendment that plan sponsors can use to permit their plans to accept Roth 401(k) contributions. On another front, the IRS has updated its popular Employee Plan Compliance Resolution System (EPCRS), which permits you to correct operational problems with your retirement plans and avoid the disastrous tax effects of plan disqualification. Read More...