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Go to Pay.gov to complete and sign Form 8950. Upload the PDF file that contains the VCP submission documents and pay the user fee using a credit or debit card or a checking or savings account.
VCP fees* based on net plan assets (effective for submissions made on or after January 1, 2020) Plan AssetsFee$0 to $500,000$1,500Over $500,000 to $10,000,000$3,000Over $10,000,000$3,500 Sep 19, 2022
One of the three components of EPCRS is the Voluntary Correction Program (VCP). Under this program the plan sponsor, at any time before audit, may pay a limited fee and receive the Services approval for correction of a qualified plan failure.
Form 14568-I, Schedule 9 - Limited Safe Harbor Correction by Plan AmendmentPDF.
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