Revenue Procedure 2013-12 was released on December 31, 2012.
Revenue Procedure 2008-50 is modified and superseded by this revenue procedure. Significant changes to the Employee Plans Compliance Resolution System (EPCRS) include:
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- Expanded corrections for 403(b) plan failures
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- Revised submission procedures for the Voluntary Correction Program (VCP)
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- Rules for plans subject to section 436 restrictions
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- Changes to safe harbor correction methods and fee structures
