Eligibility for other arrangements. (1) A SEP that is maintained under a Plan Document is eligible for SCP with respect to insignificant failures and is eligible for VCP (under the special VCSEP procedure). A SEP is also eligible for Audit CAP. For purposes of EPCRS, a failure to satisfy □ 408(k) is treated like the corresponding Qualification Failure. A failure to satisfy □ 408(k) includes a failure to satisfy the 50%-eligible-employees election requirement of □ 408(k)(6)(A)(ii) and a failure to satisfy the 25-employee limit of □ 408(k)(6)(B). (2) The Service may extend EPCRS to other arrangements.
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Samples: Revenue Procedure, Revenue Procedure, Revenue Procedure
Eligibility for other arrangements. (1) A SEP that is maintained under a Plan Document is eligible for SCP with respect to insignificant failures and is eligible for VCP (under the special VCSEP procedure). A SEP is also eligible for Audit CAP. For purposes of EPCRS, a failure to satisfy □ 408(k) is treated like the corresponding Qualification Failure. A failure to satisfy □ 408(k) includes a failure to satisfy the 50%-eligible-employees election requirement of □ 408(k)(6)(A)(ii) and a failure to satisfy the 25-employee limit of □ 408(k)(6)(B).
(2) The Service may extend EPCRS to other arrangements.
Appears in 1 contract
Samples: Revenue Procedure
Eligibility for other arrangements. (1) A SEP that is maintained under a Plan Document is eligible for SCP with respect to insignificant failures and is eligible for VCP (under the special VCSEP procedureproce- dure). A SEP is also eligible for Audit CAP. For purposes of EPCRS, a failure to satisfy □ § 408(k) is treated like the corresponding corre- sponding Qualification Failure. A failure to satisfy □ § 408(k) includes a failure to satisfy the 50%-eligible-employees election elec- tion requirement of □ § 408(k)(6)(A)(ii) and a failure to satisfy the 25-employee limit of □ § 408(k)(6)(B).
(2) The Service may extend EPCRS to other arrangements.
Appears in 1 contract
Samples: Revenue Procedure
Eligibility for other arrangements. (1) A SEP that is maintained under a Plan Document is eligible for SCP with respect to insignificant failures and is eligible for VCP (under the special VCSEP procedure). A SEP is also eligible for Audit CAP. For purposes of EPCRS, a failure to satisfy □ satisfy§ 408(k) is treated like the corresponding Qualification Failure. A failure to satisfy □ § 408(k) includes a failure to satisfy the 50%-eligible50%- eligible-employees election requirement of □ § 408(k)(6)(A)(ii) and a failure to satisfy the 25-employee limit of □ § 408(k)(6)(B).
(2) The Service may extend EPCRS to other arrangements.
Appears in 1 contract
Samples: Revenue Procedure