A flowchart that describes how to correct a participant's failure to make repayments on a loan from a 401(k) plan. 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 permissible through the Self-Correction Program (SCP). For more details on plan corrections, see Practice Notes, Correcting Retirement Plan Participant Loan Errors and Correcting Qualified Plan Errors Under EPCRS.