Employer Update is a periodic update provided to employers, circulated by USI Consulting Group.

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June 2010 “IRS Compliance Check of 401(k) Plans” In an effort to improve 401(k) plan compliance, the IRS Employee Plans Compliance Unit (“EPCU”) is in the process of administering a compliance check of 401(k) plans. In late May, the EPCU randomly selected and sent notice of the 401(k) compliance check to approximately 1,200 plan sponsors...

February 2010 “Retirement Plan Compliance Calendar” Retirement plan sponsors are responsible for compliance with many reporting, disclosure and notice requirements. This Retirement Plan Compliance Calendar summarizes the major requirements that apply to calendar year Defined Benefit (“DB”) and Defined Contribution (“DC”) plans for 2010...