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IRS Provides Welcome Relief from High VCP Fees
Ascensus Link to more items from this source
May 14, 2019

"In January 2018, the IRS announced a new VCP fee structure based on plan assets, rather than on the number of plan participants. This fee structure eliminated several exceptions -- including amendment or loan failures -- that used to carry a fixed or reduced general fee. As a result, many employers face significantly higher fees to correct operational failures under the VCP. But the IRS also allows more employers to fix plan failures through self-correction, perhaps as a result of the vigorous criticism about higher fees."

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