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Correcting Plan Errors - Fix Plan Errors

Mistakes happen! The Employee Plans Compliance Resolution System (EPCRS) allows retirement plan sponsors to correct plan mistakes and continue to provide retirement benefits on a tax-favored basis. EPCRS includes self-correction without IRS involvement (SCP), voluntary correction with IRS approval (VCP), and correction during audit under a closing agreement (Audit CAP).

Fix-It Guides
Common mistakes in 401(k), SEP, SIMPLE IRA and SARSEP plans and examples of how to correct them.

Fixing Common Plan Mistakes
Articles on specific retirement plan failures.

EPCRS Revenue Procedure
Official guidance on how to correct plan errors (Revenue Procedure 2013-12)

Voluntary Correction Program basics

Self-Correction Program

Errors found during an audit

Additional resources

Page Last Reviewed or Updated: 06-Jun-2014