A More In Depth Look At The Expansion Of Self-Correction Under EPCRS

By Scott E. Galbreath, J.D., LL.M (Tax) on July 15, 2019

This post takes a deeper dive into the expansion of the self-correction program under EPCRS by reproducing my article from this month’s Compensation Planning Journal. The article discusses the increase in user fees under the Voluntary Correction Program which caused the industry to push back on the cost and request expanded self-correction to ease the cost of correction. It also discusses issues with the concept of self-correction and some proposed resolutions. I hope you enjoy it.

Welcome to The Benefit of Benefits blog, your resource for information and commentary on new legislative, regulatory, and industry developments in employee benefits and executive compensation. Beyond reporting the news and repeating the guidance text, we will clarify the reasoning behind the change and what it means from a practical perspective to employers, employees, and the industry. We will also provide commentary to help illuminate the benefit of the benefits discussed…because compensation is more than just wages.

Author, Scott E. Galbreath, J.D., LL.M. (Tax) leads the Equity and Executive Compensation practice group at Trucker Huss and has more than 30 years of experience representing employers in ERISA, employee benefits, and executive compensation matters.

Menu

The Benefit of Benefits

A More In Depth Look At The Expansion Of Self-Correction Under EPCRS

About The Author