Plan Correction Answer Book provides the most current and comprehensive answers to the issues faced daily by plan administrators, benefits consultants, attorneys, and other pension professionals in the area of plan compliance. The authors examine the range of remedial programs available, the penalties that can be imposed, and the unique qualification issues for 401(k) plans and employee stock ownership plans. Plan Correction Answer Book also outlines practices and procedures that ensure tax-qualified retirement plans are operated in accordance with Internal Revenue Code requirements. The new Sixth Edition of Plan Correction Answer Book expands coverage of key administrative developments and changes to include: The modifications made by Revenue Procedures 2015-27 and 2015-28 to Revenue Procedure 2013-12, which governs the Employee Plans Compliance Resolution System (EPCRS) The IRS's plans to eliminate the staggered five-year remedial amendment cycles for individually designed plans, with a temporary exception for plans in Cycle A The recently revised IRS procedure for the issuance of determination letters on the qualified status of pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans (ESOPs), and the status for exemption of any related trusts or custodial accounts The IRS's 2015 Cumulative List of Changes in Plan Qualification Requirements, which was announced in IRS Notice 2015-84 And more!.