The IRS has issued Revenue Procedure (Rev. Proc.) 2021-30, updating its comprehensive system of correction programs for sponsors of retirement plans.. The Employee Plans Compliance Resolution System ...

Through Revenue Procedure 2018-52, the Internal Revenue Service (IRS) has recently updated its system of correction programs for retirement plans known as the Employee Plans Compliance Resolution ...

The original article, "IRS Updates EPCRS Plan Correction Procedure," first appeared in Employee Relations Law Journal, Summer 2019, Volume 45, Number 1. Send Print Report Related Posts ...

In advance of the IRS's procedure update on SECURE 2.0's expanded self-correction under the Employee Plans Compliance Resolution System, the agency has issued interim guidance.

Employers and plan sponsors are now able to use the U.S. Department of Labor's Voluntary Fiduciary Correction Program (VFCP) to self-correct ERISA breaches of fiduciary duties to avoid potential ...

EBSA final rule: Limited self-correction now allowed for retirement plan errors Both the final rule and the amendments to PTE 2002-51 will take effect on March 17. By Alan Goforth | March 07, 2025 ...