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), 403(b), 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 2021-30).

Voluntary Correction Program basics

Self-Correction Program

Errors found during an audit

Additional resources