Common use of VCP Clause in Contracts

VCP. Qualified Plans, 403(b) Plans, SEPs and SIMPLE IRA Plans are eligible for VCP. VCP provides general procedures for correction of all Qualification Failures: Operational, Plan Document, Demographic, and Employer Eligibility.

Appears in 6 contracts

Sources: Revenue Procedure, Revenue Procedure, Revenue Procedure

VCP. Qualified Plans, 403(b) Plans, SEPs SEPs, and SIMPLE IRA Plans are eligible for VCP. VCP provides general procedures for correction of all Qualification Failures: Operational, Plan Document, Demographic, and Employer Eligibility. VCP also provides general procedures for the correction of participant loans that did not comply with the requirements of § 72(p)(2).

Appears in 5 contracts

Sources: Revenue Procedure, Closing Agreements, Revenue Procedure

VCP. Qualified Plans, Plans and 403(b) Plans, SEPs and SIMPLE IRA Plans are eligible for VCP. VCP provides general procedures for correction of all Qualification Failures: Operational, Plan Document, Demographic, and Employer Eligibility.

Appears in 5 contracts

Sources: Revenue Procedure, Revenue Procedure, Revenue Procedure

VCP. Qualified PlansPlans andPlans, 403(b) Plans, SEPs and SIMPLE IRA Plans are eligible for VCP. VCP provides general procedures for correction of all Qualification Failures: Operational, Plan Document, Demographic, and Employer Eligibility.

Appears in 1 contract

Sources: Revenue Procedure