IRS Erred with Form 5500 Extension Requests

The Internal Revenue Service announced that some requests for an extension of Form 5500 filing have been inadvertently denied and plan sponsors received denial letters in error.

The agency said its Ogden Campus received numerous Forms 5558 requesting an extension from plan administrators still in the process of updating their systems for newly required electronic filing on the EFAST2 system. But some plan sponsors received a CP 216H notice, Application for Extension of Time to File an Employee Plan Return Denied – Not Timely, in error.  

The agency has taken the necessary steps to correct the issue, and is asking sponsors that believe they received a CP 216H Notice in error, to send the denial letter and proof that the original Form 5558 was postmarked timely (for example, express mail or certified mail receipt) to the IRS’s Ogden office. The address is Ogden Accounts Management Center; EP Accounts Unit, Mail Stop 6270; Ogden, Utah 82401.  

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

More information is at http://www.irs.gov/retirement/article/0,,id=230519,00.html.

EPIC Announces Change in Leadership

EPIC Advisors, a defined contribution recordkeeper, announced that Jim Genthner will be the new president.

A news release said the current president of the Rochester, New York-based firm, Robert F. Judd, will now focus on projects to assist the firm in developing new business strategies and distribution opportunities in a strategic partnership with the firm. He has been president since 2005.   

Jim Genthner, Executive Vice President, will immediately take over Judd’s role as president, managing day-to-day company operations.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Judd will remain with EPIC through April as he develops his own wholesaling firm to create partnerships with retirement service provider companies that would use EPIC recordkeeping services.

«