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IRS Compliance Unit Checking Tax-Exempt 457(b) Plans

The Employee Plans Compliance Unit (EPCU) is sending letters to tax-exempt sponsors of 457(b) top hat plans when employee W-2s show that the basic 457(b) plan limit of $17,500 in 2011 has been exceeded. In MarketBeat, Ellie Lowder discusses what those letters contain and require of recipients.