Update: Unexpected Retirement Plan Disqualification Can Trigger Serious Tax Problems

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It’s not unusual for the IRS to conduct audits of qualified employee benefit plans, including 401(k)s. Plan sponsors are expected to stay in compliance with numerous, frequently changing federal laws and regulations. If the IRS uncovers compliance errors and the plan sponsor doesn’t fix them, the plan could be disqualified.


Any accounting, business, or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough analysis of specific issues, nor a substitute for a formal opinion, nor was it written to be used to avoid tax related penalties.