Latest / The Exclusive Benefit - An ERISA Podcast
Self-Correct, VCP, or Audit CAP? Choosing the Right EPCRS Path
Every retirement plan has mistakes eventually. Late deposits, missed enrollments, and loans that don't follow the rules are common. What matters is how you fix them. In this episode, I walk through the IRS's Employee Plans Compliance Resolution System (EPCRS) and the three ways to correct an error: fixing it yourself, filing with the IRS, or settling after an audit. I also cover how SECURE 2.0 expanded self-correction and why acting early almost always costs less. This episode is for plan sponsors, HR teams, and the CPAs and advisors who support them.
ERISA requires plan fiduciaries to act…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.