January 15, 2013
IRS Revises Employee Plans Compliance Resolution System
Loren Rodgers
Executive Director
On December 31, 2012, the IRS released Revenue Procedure 2013-12 (PDF), which updates the Employee Plans Compliance Resolution System (EPCRS). The changes include new submission procedures, rules for locating lost participants, and self-correction of certain excess annual additions. The revisions are generally effective as of April 1, 2013.