Enrolled Retirement Plan Agent Program (ERPA) - What Does an ERPA Need to Know?
What Does an ERPA Need to Know?
An ERPA must be knowledgeable in two areas: the Tax Code requirements that apply to qualified plans, and the ethical requirements under Circular 230 for practicing before the IRS.
With respect to the tax requirements for qualified plans, an ERPA must have a working knowledge of:
Plan document requirements;
Plan operation and administration;
Filing requirements (Form 5500); and
IRS programs (for example, the Determination Letter program and the Employee Plans Compliance Resolution System).