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Report of Employee Plans Compliance Unit (EPCU): Completed Project -- Discontinuance of Contributions
Internal Revenue Service [IRS] Link to more items from this source
Apr. 23, 2018
"The responses indicated about 10% of plan sponsors had a complete discontinuance of contributions. These sponsors used [the] self-correction (SCP) and voluntary correction (VCP) programs to correct this error and make the affected participants 100% vested in their accounts.... [S]ome sponsors made errors in completing their Form 5500 series return because they did not understand the instructions for reporting terminated participants."

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