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User fees for VCP The VCP user fee is typically based on the amount of assets in the plan, ranging from $1,500 to $3,500. Alternative fees apply to Group VCP submissions, submissions involving terminating orphan plans and IRC 457(b) plans.
More In Retirement Plans If your retirement plan isnt currently being audited by the IRS, and you have mistakes with either the language in the plan document or how youve run your plan, you can apply to correct the mistakes under the Voluntary Correction Program (VCP):
For cloud engineers who deal with VMware technology on a regular basis, the VCP-CMA is well worth it. Although most cloud engineers will want to eventually move on to earning their advanced professional or expert-level VMware certifications (VCAP-CMA Design/Deploy, and VCDX).
The price for a Proctored VCP level exam in the United States is $250. Your price may vary based on your location and currency.
More In Retirement Plans If your retirement plan isnt currently being audited by the IRS, and you have mistakes with either the language in the plan document or how youve run your plan, you can apply to correct the mistakes under the Voluntary Correction Program (VCP):
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The price for a Proctored VCP level exam in the United States is $250. Your price may vary based on your location and currency.
Form 14568-I, Schedule 9 - Limited Safe Harbor Correction by Plan AmendmentPDF.
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
February 22, 2022. A Voluntary Correction Program (VCP) submission is a way for an employer or plan representative to voluntarily disclose issues with the retirement plan. These usually come in the form of an IRS compliance statement.
Form 14568-I, Schedule 9 - Limited Safe Harbor Correction by Plan AmendmentPDF.

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