Human Resources
IRS Updates Guidance on the Employee Plans Compliance Resolution System (EPCRS)

IRS Updates Guidance on the Employee Plans Compliance Resolution System (EPCRS)


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On December 31, 2012, the Internal Revenue Service (IRS) issued Revenue Procedure 2013-12 to update the Employee Plans Compliance Resolution System (EPCRS) for sponsors of retirement plans that have failed to meet the requirements of Internal Revenue Code (Code) Sections 401(a) (qualified plans), 403(a) (qualified annuity plans), 403(b) (501(c)(3) organizations or public schools), 408(k) (simplified employee pensions), or 408(p) (simple retirement accounts) and want to take certain corrective actions.

The EPCRS permits plan sponsors to correct certain failures and thereby continue to provide their employees with retirement benefits on a tax-favored basis. Following issuance of Revenue Procedure 2013-12, the components of the EPCRS continue to be the Self-Correction Program (SCP), the Voluntary Correction Program (VCP), and the Audit Closing Agreement Program (Audit CAP).

Revenue Procedure 2013-12 modifies and supersedes the prior EPCRS guidance issued under Revenue Procedure 2008-50.

The Aon Hewitt bulletin below includes:

  • A summary of key changes to the EPCRS;
  • An overview of the primary EPCRS features; and
  • A discussion of major changes to the EPCRS program.

Download IRS Updates Guidance on the Employee Plans Compliance Resolution System (EPCRS)