IRS posts VCP submission kit for 403(b) plans

The IRS has posted to its website a Voluntary Correction Program (VCP) Submission Kit for 403(b) plan sponsors who missed the December 31, 2009 deadline to adopt a written plan. The kit was created to guide the 403(b) plan sponsor through the steps in filing a submission for a VCP compliance statement. It includes instructions and a sample submission correctly completed. It is designed for use by eligible organizations that sponsor a 403(b) plan but that failed to adopt written plan document(s) for the plan by December 31, 2009, as required.


For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer’s Benefits Reports.

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