Correcting Qualified Plan Errors Under EPCRS | Practical Law
A Note explaining the Employee Plans Compliance Resolution System (EPCRS) in Revenue Procedure 2021-30, a correction program established by the Internal Revenue Service (IRS) that plan sponsors of retirement plans can use to correct plan document and administrative errors to maintain the tax-qualified status of these plans. The Note also explains the expansion of self-correction options under the SECURE 2.0 Act.