The Good News and the Bad News: IRS Changes Fee Schedule for the Voluntary Correction Program for Tax-Qualified Retirement Plans

Buried under the news of tax reform and deep within an annual bulletin, the IRS has announced reduced fees for corrections made pursuant to its Voluntary Correction Program (“VCP”). However, fees will not be lower in every circumstance.  The EPCRS Program  Plan sponsors that make mistakes with respect to the operation or documentation of their …