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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.

Articles - Fixing Common Plan Mistakes
Guidelines on how to correct and avoid specific retirement plan failures.

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

VCP Submission Basics

Late Amendments


Errors Found During an Audit

Additional Resources

Page Last Reviewed or Updated: 13-Nov-2013