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Previous Week ~ Week of November 25, 1996 ~ Following Week
- 11/25: The IRS voluntary correction program known as the
"Standardized VCR Program," or SVP, is limited to seven types of
operational plan defects. SVP mandates specified forms of correction
for these seven defects. Last week's Q&A described the correction required by
SVP where the defect is the failure to include an eligible employee in
a plan. Is there an alternative form of correction available under
VCR? Find out in the Q&A for Plan Defects:
Correction/VCR/CAP column by Reish & Luftman!
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