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Revenue Procedure 2008-50 is modified and superseded by this revenue procedure.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:
- Expanded corrections for 403(b) plan failures
- Revised submission procedures for the Voluntary Correction Program (VCP)
- Rules for plans subject to section 436 restrictions
- Changes to safe harbor correction methods and fee structures