EPCRS Self-Correction Program

Under Revenue Procedure 2021-30, through the self-correction program (SCP) of the IRS Employee Plans Compliance Resolution System (EPCRS), a plan sponsor of a qualified plan or a 403(b) plan generally may self-correct certain significant operational failures and plan document failures by the last day of the third plan year following the plan year for which the failure occurred and may correct certain insignificant plan failures even if they are discovered on examination.