This session was designed to provide you with an update on SECURE 2.0 Act changes to IRS, DOL correction programs and the use of those programs.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Examine the provisions of the SECURE 2.0 Act and other program changes to the Employee Plans Compliance Resolution System (EPCRS), emphasizing their implications for plan sponsors.
- Analyze the application and benefits of the Delinquent Filer Voluntary Compliance (DFVC) and Voluntary Fiduciary Correction Program (VFCP) in resolving compliance issues.
- Review sample Voluntary Correction Program (VCP) and VFCP submissions, including common failures and resolutions, to identify best practices for addressing top EPCRS compliance challenges.
Major Topics
- SECURE 2.0 Act and Other Program Changes to EPCRS
- Use of DFVC and VFCP
- Sample VCP/VFCP submissions with multiple issues and their resolution (if closed)
- EPCRS: Top Failures
