Retirement plans are like human beings – both can use annual checkups.

While people head to the doctor's office for their exams, the health of retirement plans comes by reviewing a list of helpful questions provided by the IRS.

The IRS points out that many mistakes can be corrected easily, without paying a penalty and without even notifying the agency. Its compliance tips are included in fix-it guides, which cover such topics as SARSEPs, SEPs, SIMPLE IRAs, 401(k) and 403(b) plans.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.