Form 8951 - Compliance Fee For Application For Voluntary Correction Program (Vcp)

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8951
Compliance Fee for Application for Voluntary
OMB No. 1545–1673
Form
Correction Program (VCP)
For IRS Use Only
(Rev. September 2015)
Under the Employee Plans Compliance Resolution System (EPCRS)
Information about Form 8951 and its instructions is at
Amount paid
Department of the Treasury
$
Attach to Form 8950.
Internal Revenue Service
1 Name of plan sponsor (employer if single-employer plan)
2 Plan sponsor’s employer identification number
3 Plan number
4 Plan name
5 Number of plan participants. See instructions to determine this number.
6 If you are submitting a check for an additional VCP compliance fee that has been requested by an IRS employee in Voluntary Compliance,
check this box
and provide the check amount $
and the VCP Case Number
.
7
General Compliance Fee Schedule
Number of Plan Participants
General Compliance Fee Amount
$750
(a) 0-20
$1,000
(b) 21-50
$2,500
(c) 51-100
$5,000
(d) 101-500
$8,000
(e) 501-1,000
$15,000
(f) 1,001-5,000
$20,000
(g) 5,001-10,000
$25,000
(h) Over 10,000
8
Exceptions to the General Compliance Fee Schedule. Check all boxes that apply:
If a VCP submission consists solely of one or more applicable failures checked in 8(a) - (e) (and does not include any other failure), the
compliance fee will be the lesser of: (1) the sum of the reduced compliance fee amounts, or (2) the general compliance fee amount
(see instructions). If any box in 8(f) - (i) is checked, pay only the corresponding reduced compliance fee amount.
Reduced Compliance Fee Eligibility
Reduced Compliance Fee Amount
(a) VCP submission relates to certain failures involving the late adoption of
$375
good faith amendments, interim amendments, or amendments required to
implement optional tax law changes, as described in Rev. Proc. 2013-12,
section 6.05(3)(a). See Rev. Proc. 2013-12, section 12.03(2).
(b) VCP submission relates to late nonamender failures described in
General compliance fee amount from line 7 is
Rev. Proc. 2013-12, section 6.05(2)(a)(ii), and the VCP submission is made
reduced by 50%.
within a 1-year period following the expiration of the plan's remedial
amendment period for complying with such changes. See Rev. Proc.
2013-12, section 12.03(1).
(c) VCP submission relates to a failure to comply with Internal Revenue Code
$500 if 150 or fewer participants are affected.
(IRC) section 401(a)(9) minimum distribution rules affecting 300 or fewer plan
participants. See Rev. Proc. 2013-12, section 12.02(2), as modified by Rev.
$1,500 if 151 to 300 participants are affected.
Proc. 2015-27, section 4.12 for additional rules.
8951
For Paperwork Reduction Act Notice, see instructions.
Form
(Rev. 9-2015)
Cat. No. 37771W
*37771W09201501*

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