July 30, 2021
By: Melanie N. Aska and
On July 16, 2021, the IRS issued an updated version of the Employee Plans Compliance Resolution System (EPCRS), set forth in Revenue Procedure 2021-30. The new EPCRS modifies and supersedes the previous EPCRS, set forth in Revenue Procedure 2019-19 (April 19, 2019), and generally expands the correction methods that may be used to fix certain plan failures and thereby preserve a plan’s tax-qualified status.
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employee_benefits_irs_updates_epcrs_plan_correction_program_copy1.pdf
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