A flowchart that describes how to correct participants who obtain more loans than a 401(k) plan allows. The flowchart explains the correction when a participant obtains a loan but the plan document does not allow loans. It also explains the correction when a participant takes too many loans under the plan (for example, the plan document limits participants to one loan and a participant obtains two outstanding loans). The flowchart explains the correction methods available to plan sponsors under the Employee Plans Compliance Resolution System (EPCRS) in IRS Rev. Proc. 2021-30. The flowchart identifies when the Voluntary Correction Program (VCP) is required and where self-correction is available through the Self-Correction Program (SCP).