Share with your friends

Rev. Proc. 2016-51: Employee plan compliance, corrective programs update

Rev. Proc. 2016-51: Employee plan compliance

The IRS today released an advance version of Rev. Proc. 2016-51 that updates the comprehensive system of correction programs for sponsors of retirement plans that are intended to satisfy the requirements of section 401(a), 403(a), 403(b), 408(k), or 408(p), but that have not met these requirements for a period of time.


Related content

This comprehensive system—the Employee Plans Compliance Resolution System or EPCRS—permits plan sponsors to correct these failures and thus to continue to provide their employees with retirement benefits on a tax-favored basis. The components of EPCRS are:

  • The Self-Correction Program (SCP)
  • The Voluntary Correction Program (VCP)
  • The Audit Closing Agreement Program (Audit CAP)


Read text of the 119-page revenue procedure, Rev. Proc. 2016-51 [PDF 508 KB]

© 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today