Nick Paul
Subscribe to Nick Paul's PostsNick Paul focuses his practice on employee benefits and executive compensation matters for public and private companies. Nick regularly leads due diligence and advises on employee benefits and executive compensation issues in connection with corporate transactions involving both public and private companies. Nick also regularly drafts and advises on issues related to cash bonus plans, equity compensation plans, phantom unit plans, executive severance and change in control agreements and executive employment agreements. Read Nick Paul's full bio.
Need a Do-Over? IRS Expands and Updates Qualified Plans Correction Guidance
By Nick Paul, Jeffrey Holdvogt and Diane Morgenthaler on Sep 8, 2021
Posted In Employee Benefits, Employment, Retirement Plans
The Internal Revenue Service (IRS) recently issued Revenue Procedure 2021-30, which provides an updated version of the Employee Plans Compliance Resolution System (EPCRS). EPCRS is the IRS’s comprehensive program for plan sponsors to correct tax-qualified plan errors. This EPCRS update expands plan sponsors’ ability and methods to correct overpayments and to self-correct certain plan failures...
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