IRS posts VCP submission kit for plans that missed 4/30/12 deadline to adopt pre-approved DB plan

The IRS has posted to its website a Voluntary Corrections Program (VCP) submission kit for plan sponsors who missed the April 30, 2012 deadline to adopt a pre-approved defined benefit plan. The kit guides sponsors through the steps in filing a submission for a VCP compliance statement and includes instructions and a sample submission correctly completed. The kit is posted at http://www.irs.gov/pub/irs-tege/0430_dbnonamender_submission_kit.pdf.

Source: IRS website, April 29, 2013.

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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