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VCP Under EPCRS 2013: Step-by-Step
Presentor: Derrin Watson Recorded Date: 3/28/2013 Duration: 100 Min.


NOTICE: Are you a 401(k) Plan Workshop 2013 attendee?
If so, you receive complimentary access to the recording* of either this Web seminar or Plan Amendments: Procedures, Timing, Cutbacks & Other Issues. Click here for details.
*Due to the inability to track participation, no CE letter is provided for recorded programs. ****************************************************************
This program was recorded during a live presentation on March 28, 2013.

EPCRS 2013 completely revamped the VCP system, introducing two new mandatory forms and revising several existing appendices and schedules. This Web seminar walks you through the new filing procedures, which become mandatory April 1, 2013.

Our focus is on streamlined VCP filings, which remain simple enough to do without legal counsel, but we will also show you how to file in more complex situations. We also provide attendees with sample forms illustrating several common corrections.

Topics include:

  • What you can correct through streamlined VCP and what you can’t
  • Revised procedures for handling document failures, including 403(b) failures
  • Forms 8950 and 8951
  • What additional items must be included
  • Issues not covered by the forms
  • Streamlined VCP vs. self-correction
  • Filing fees
  • Relief available
Prerequisites: There are no prerequisites or other advanced preparation for this program. The speaker will assume attendees understand the basics of 401(k) plan operation and correction.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

S. Derrin Watson, J.D., APM
Recipient of ASPPA's 2006 Educator of the Year Award

Objectives: After this program, attendees should be able to:

  1. Identify those defects which streamlined VCP can correct.
  2. Explain why one would choose streamlined VCP rather than self-correct certain failures.
  3. Complete the appropriate forms for a VCP application.

Hardware System Requirements:

  • Windows 95, 98, NT 4.0, 2000, XP, Windows 7
  • Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
  • High-speed Internet connection.
  • Pentium 166+ MHz, 128MB RAM or more.
  • 1023 x 768 or higher display resolution.
  • Soundcard and Speakers.

Software Requirements:

Program related requests, questions, or concerns may be emailed to:


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