A flowchart designed to assist plan sponsors in determining which Internal Revenue Service (IRS) Employee Plans Compliance Resolution System (EPCRS) program they are eligible to use to correct plan document, operational, demographic, or employer eligibility failures that threaten the plan's tax-qualified status under the Internal Revenue Code (Code). EPCRS programs, which include the Self-Correction Program (SCP), Voluntary Correction with Service Approval Program (VCP), and Audit Closing Agreement Program (Audit CAP), are available for plans qualified under Code Section 401(a), 403(b) plans, simplified employee pension plans (SEPs), and Savings Incentive Match Plan for Employees Individual Retirement Accounts (SIMPLE IRAs).

This Chart reflects EPCRS under Revenue Procedure 2021-30. The SECURE 2.0 Act of 2022 significantly expanded the self-correction options available to plan sponsors (see Practice Note, Correcting Qualified Plan Errors Under EPCRS: Significant Expansion of Self-Correction Under SECURE 2.0). The IRS has not issued a revised Revenue Procedure reflecting SECURE 2.0.