Articles for: self correction program
How do I correct an operational error?
An operational error is a plan qualification failure caused by not following the plan document provisions in the operation of the plan. This type of qualification failure is referred to [...]
Key words: EPCRS,operational error,plan failure,self correction program,voluntary correction program
What happens if we didn’t allow an eligible employee entry into our 401(k) plan?
The Employee Plans Compliance Resolution System (EPCRS) provides a method for plans to correct common errors that occur in the operation of their plan. These errors generally occur when the [...]
Key words: 401k,401k plan entry,correction program,EPCRS,SCP,self correction program