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Posts from October 2026.
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Office, lawyer or old couple with will, contract or document for retirement funding or compliance. Plan, advisor or married elderly clients with legal form or title deed agreement with life insurance

The IRS recently issued Revenue Procedure 2026-34, a significant update to the Employee Plans Compliance Resolution System (EPCRS). The new guidance, which is effective immediately, incorporates changes made by the SECURE 2.0 Act and expands and clarifies several correction options available to retirement plan sponsors.

EPCRS allows employers to correct certain retirement plan errors while preserving the plan's tax-favored status. It includes three principal correction programs: the Self-Correction Program (SCP), the Voluntary Correction Program (VCP), and the Audit ...

Categories: Private Employers, Retirement Plans, Tax (Employee Benefits Plans)
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