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Updated VCP User Fees

Effective January 2, 2018, the general user fee for a submission under the Voluntary Correction Program component of the IRS’ Employee Plans Compliance Resolution System is based on the amount of the retirement plan’s net plan assets as reported on the most recently filed Form 5500, rather than the total number of plan participants, as follows:

Net Plan Assets
User Fee
$0 to $500,000
Over $500,000 to $10,000,000
Over $10,000,000

The updated user fee amounts apply only to submissions made on or after January 2, 2018. The IRS will not issue refunds for pre-January 2, 2018 submissions.

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