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.

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

EPCRS Revenue Procedure
Guidance on how to correct plan errors.

Abusive Transactions - Availability of Programs under the EPCRS
Transactions that affect a plan’s eligibility to use the EPCRS correction programs.

Summary of Plan Correction Programs
Common plan errors and the appropriate IRS or DOL program to use to fix them.

Filing Voluntary Correction Program (VCP) Applications

Fill-in VCP Application Forms (Appendices)

Common Mistakes in VCP Submissions
Common procedural errors when submitting a VCP application

VCP Submission Kit for employers who missed the April 30, 2010 deadline to adopt a pre-approved EGTRRA plan.

Nonamender failures in VCP

Articles and Videos

Fixing Common Plan Mistakes
Errors we’ve discussed in Retirement News for Employers and guidelines on how to correct them.

Corrective Amendments to Pre-Approved Plans
What happens when a qualification failure is corrected by amending a pre-approved plan.

Employers who missed the April 30, 2010 deadline to adopt a pre-approved EGTRRA plan.

"Self-Correcting Plan Mistakes" Video
Using the Self-Correction Program for common plan mistakes. (1:59 min.)

"Fixing Plan Mistakes Found During an IRS Audit" Video
Learn what happens when the IRS discovers mistakes during a retirement plan examination. (4:45 min.)

Learn how to find plan errors or avoid future mistakes in your retirement plan.