Eric Gregory Quoted by PlanSponsor on Overpaid Retirement Benefits

Eric Gregory was recently quoted in PlanSponsor’s article, “You’ve Overpaid Retirement Benefits to a Participant … Now What?” Overpayments are more common than many sponsors think and they are being added the responsibility of retrieving these overpayments. Retrieving the overpayment on behalf of the retirement plan is imperative to protect the plan’s tax-qualified status and comply with the sponsor’s fiduciary responsibilities under ERISA. “The IRS’ Employee Plans Compliance Resolution System (EPCRS) addresses the issue of overpayment of benefits and outlines four options a sponsor can use to rectify this problem,” said Eric. Click here to read the full article.