Form 14146: How to Fill Out Other Forms

The IRS has just release form 14146, titled “Guide to Completion of the 401(k) Compliance Check Questionnaire.” This form will allow people a sneak peak into their Compliance Check Questionnaire.

If you haven’t already heard, the IRS will be sending Compliance Check Questionairres to sponsors of qualified plans. While not considered an audit of the plan, it wouldn’t be surprising if ERISA practitioners start receiving panicked phone calls from their clients wondering just how much trouble they have gotten themselves into.

If you are an ERISA practitioner, take the time to review the guide so you can be ready to answer any questions your clients may have about completion of the forms.