A explanation overview of government regulations on retirement plans.

1. OppenheimerFunds Retirement Services
Keep Your Qualified Plan Compliant
Resources for Plan Sponsors
As you know, qualified retirement plans must comply with Still, it doesn’t have to be complicated, and you don’t have
applicable tax laws and regulations, or risk the loss of tax- to go it alone. Along with your plan’s legal advisor and the
advantaged status and other related benefits to both plan information in this document, you have an opportunity to act
sponsors and participants. While certain guidelines issued by in good faith as a fiduciary. This guide, while not exhaustive,
regulatory entities are optional, many are not. Knowing what lists some valuable links to resources furnished by the IRS and
to do to stay compliant, get compliant or correct for noncom- the Department of Labor (DOL) including
pliance isn’t a matter of common sense. It’s a matter of being ■ Self-audit tools and information
informed and having good support and resources at hand.
■ Resources for making corrections
■ Educational materials
Self-audit Tools and Information
IRS RESOURCES DOL RESOURCES
1. IRS Publication 4531, 401(k) Plan Checklist—Provides 1. Tips for Selecting and Monitoring Service Providers for
an easy self-audit tool for 401(k) plan sponsors. Your Employee Benefit Plan—Designed to help sponsors
http://www.irs.gov/pub/irs-tege/pub4531.pdf satisfy their responsibilities to “prudently” select and
monitor plan service providers.
2. Retirement News for Employers—This quarterly
http://www.dol.gov/ebsa/newsroom/fs052505.html
newsletter, delivered electronically, is a great resource
to keep plan sponsors up-to-date on new laws and 2. Reporting and Disclosure Guide for Employee Benefit
regulations affecting their retirement plans. Also highlights Plans—A quick reference guide for certain basic reporting
IRS audit initiatives and suggests strategies to correct and disclosure requirements under the Employee Retirement
common plan errors. Income Security Act (ERISA).
http://www.irs.gov/retirement/content/0,,id=154836,00.html http://www.dol.gov/ebsa/pdf/rdguide.pdf
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2. OppenheimerFunds Retirement Services
Resources for Making Corrections
IRS PROGRAMS DOL PROGRAMS
1. IRS Publication 4224, Retirement Plan Correction 1. The Voluntary Fiduciary Correction Program (VFCP)—
Programs—Provides a high level overview of various plan VFCP enables voluntary compliance by helping plan spon-
correction programs. sors self-correct known violations of the law. The program
http://www.irs.gov/pub/irs-pdf/p4224.pdf also helps plan officials understand the law and allows for
an immediate relief from payment of excise taxes under a
2. The 401(k) Fix-It Guide—A brief look at the rules for
class exemption. Some key VFCP tools include
401(k) plans and the Employee Plans Compliance Resolu-
tion System, and the most frequent errors the IRS finds in ■ A list of frequently asked questions
each plan type, as well as tips on how to find, fix and avoid http://www.dol.gov/ebsa/faqs/faq_vfcp.html
these errors. ■ An online calculator for late deposits
http://www.irs.gov/pub/irs-tege/401k_mistakes.pdf#page=2 http://www.dol.gov/ebsa/calculator/main.html
3. Fixing Common Plan Mistakes—A list of articles from ■ A VFCP Checklist
IRS newsletters. http://www.dol.gov/ebsa/calculator/2006vfcpchecklist.html
http://www.irs.gov/retirement/sponsor/
2. The Delinquent Filer Voluntary Compliance Program
article/0,,id=137958,00.html
(DFVCP)—DFVCP was designed to encourage voluntary
4. Retirement Plan Correction Programs: Frequently compliance with the annual IRS Form 5500 reporting
Asked Questions—Answers to some of the most requirements under ERISA. It provides delinquent plan
common questions. administrators a way to avoid potentially higher civil penalty
http://www.irs.gov/retirement/content/0,,id=112857,00.html assessments by satisfying the program’s requirements and
voluntarily paying a reduced penalty amount.
3. The following program resources may be useful for plan
sponsors who are late filing Form 5500:
■ DFVCP fact sheet
http://www.dol.gov/ebsa/newsroom/0302fact_sheet.html
■ Frequently asked questions
http://www.dol.gov/ebsa/faqs/faq_dfvc.html
■ DFVCP penalty calculator and online payment
http://www.dol.gov/ebsa/calculator/dfvcpmain.html

3. OppenheimerFunds Retirement Services
Educational Materials
IRS RESOURCES DOL RESOURCES
1. Phone Forums—The IRS periodically offers free telephone 1. Meeting Your Fiduciary Responsibilities—Outlines a
seminars on hot topics. Plan correction programs are plan sponsor’s basic fiduciary responsibilities under ERISA.
currently available via http://www.dol.gov/ebsa/publications/fiduciaryresponsibility.html
http://www.irs.gov/retirement/article/0,,id=218995,00.html
2. ERISA Fiduciary Advisor—Information and answers to a
variety of questions regarding the role of a fiduciary advisor
and his/her responsibilities under ERISA.
http://www.dol.gov/elaws/ERISAFiduciary.htm
3. Understanding Retirement Plan Fees And Expenses—
While the focus is on 401(k) fees and expenses, many of
the principles discussed in this booklet apply to all plan types.
http://www.dol.gov/ebsa/publications/undrstndgrtrmnt.html
NEXT STEPS
Contact your financial advisor, or call an OppenheimerFunds
representative at 1.800.734.5222 for more information on IRS
and other qualified plan compliance issues.

4. OppenheimerFunds Retirement Services
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency,
and involve investment risks, including the possible loss of the principal amount invested.
This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid
penalties that may be imposed under U.S. federal tax laws. Contact your attorney or other advisor regarding your specific legal, investment or tax
situation.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund
prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor,
visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
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RPL0000.015.0112 February 15, 2012