The IRS has updated its 401(k) Plan Fix-It Guide. You can find the Guide at http://www.irs.gov/pub/irs-tege/401k_mistakes.pdf.
While the Guide’s 52 pages can seem intimidating, the first three pages contain a chart of the most common errors in plan operation. Review of your plan for the items on these three pages may save you time and money later on.
Contact your Independent Actuaries, Inc. consultant if you have any questions, and especially if you think your plan may need to be “fixed”.
