The Retirement Plan Company (TRPC)/an ABG firm
Compensation Strategies Group, Ltd.
Atlantic Pension Services Inc
Nicholas Pension Consultants
Creative Pension Consultants, Inc.
Nova 401(k) Associates
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|IRS VCP Submission Kit for Use When Plan Sponsor Was Not Eligible to Sponsor a SIMPLE IRA Plan|
Internal Revenue Service [IRS]
July 22, 2021
"Plan sponsors may use this Voluntary Correction Program (VCP) Submission Kit if they:  Aren't eligible to sponsor a SIMPLE IRA Plan, because they have too many employees, or  Can't sponsor a SIMPLE IRA Plan, because they maintain another type of retirement plan.... Receiving IRS approval of this submission kit, however, doesn't correct other failures in your plan, like the failure to:  Limit contributions made to the SIMPLE IRA plan in accordance with IRC Section 408(p);  Update your SIMPLE IRA plan document for current law changes;  Operate the SIMPLE IRA plan according to its written terms;  Admit all eligible employees."
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