Top 10 Areas of Focus in IRS Investigations of Retirement Plans

“At any point an IRS agent may contact a plan sponsor that its plan has been selected for audit. Audits are never pleasant, but to minimize the pain, a plan sponsor may consider a compliance self-review to ensure that the plan is operating correctly, its plan documents comport with plan operation, and plan records are complete and organized before the IRS comes knocking.”

Click here to read more about the IRS focuses during audits.

Source: JDSupra