The Internal Revenue Service (IRS) has clarified issues regarding erroneous notices sent to retirement plan sponsors and advisors related to their supposed late filing of 2022 Form 8955-SSA.

The IRS confirmed that the issue was a programming glitch, which it fixed a few days ago. The IRS said it is working on a newsletter article to notify the public of the issue and what to do with the notices.

For now, we suggest waiting for the IRS-provided guidance to see what the next steps should be. Feel free to contact your SEK Client Relationship Manager with any questions.

This article will be updated when we receive additional information.