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Commonwealth of Massachusetts
IMS Health
Provider Manual Series
Pharmacy ManualSubchapter Number and Title
Table of Contents Page
transmittal LetterDatePHM6208/12/164. Program Regulations
406.401:
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What is 401 introduction?
401 introduction is a form used to report information about retirement plans to the Internal Revenue Service (IRS).
Who is required to file 401 introduction?
Employers who sponsor a 401(k) plan are required to file 401 introduction.
How to fill out 401 introduction?
To fill out 401 introduction, employers need to provide information such as the plan's name, employer identification number (EIN), plan administrator's contact information, participant count, contributions, and other plan details as specified by the IRS.
What is the purpose of 401 introduction?
The purpose of 401 introduction is to ensure compliance with the IRS regulations, track retirement plan information, and assist the IRS in monitoring retirement plans for tax purposes.
What information must be reported on 401 introduction?
401 introduction requires reporting of details such as plan sponsor information, plan features, participant and beneficiary information, contributions, distributions, and any loans or investments within the retirement plan.
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