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Rev. Proc. 2021- 30 TABLE OF CONTENTS PART I. …

Rev. Proc. 2021- 30 Page 1 of 140 TABLE OF CONTENTS PART I. INTRODUCTION TO EMPLOYEE PLANS COMPLIANCE RESOLUTION SYSTEM .. 6 SECTION 1. PURPOSE AND OVERVIEW .. 6 .01 Purpose .. 6 .02 General principles underlying EPCRS .. 6 .03 7 SECTION 2. EFFECT OF THIS REVENUE PROCEDURE ON PROGRAMS .. 7 .01 Effect on programs .. 7 .02 Correction of Overpayment (defined benefit plans) .. 8 .03 Description of other modifications .. 10 .04 Future enhancements .. 11 PART II. PROGRAM EFFECT AND ELIGIBILITY .. 11 SECTION 3. EFFECT OF EPCRS; RELIANCE .. 11 .01 Effect of EPCRS on retirement plans .. 11 .02 Compliance statement .. 12 .03 Excise and other taxes .. 12 .04 12 SECTION 4. PROGRAM ELIGIBILITY .. 12 .01 EPCRS Programs .. 12 .02 Effect of examination .. 13 .03 SCP eligibility requirements relating to plan documents .. 13 .04 Established practices and procedures .. 14 .05 Correction by plan amendment .. 15 .06 Availability of correction for Employer Eligibility Failures and Demographic Failures.

available for certain Employee Elective Deferral Failures associated with missed elective deferrals for eligible employees who are subject to an automatic contribution feature in a § 401(k) plan or § 403(b) Plan (from December 31, 2020, to December 31, 2023). .02 Correction of Overpayment (defined benefit plans). (1) In general. Rev.

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Transcription of Rev. Proc. 2021- 30 TABLE OF CONTENTS PART I. …

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