PART VII. EFFECT ON OTHER DOCUMENTS; EFFECTIVE DATE; PAPERWORK REDUCTION ACT
SECTION 3. EARNINGS ADJUSTMENT METHODS AND EXAMPLES
Internal Revenue Bulletin 2008-35 · 2026-10-03 edition · updated 2026-10-04 · United States
.01 Earnings Adjustment Methods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 512 .02 Examples . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 513
APPENDIX C: VCP CHECKLIST
APPENDIX D: SAMPLE FORMAT FOR VCP SUBMISSIONS
APPENDIX E: ACKNOWLEDGEMENT LETTER
APPENDIX F: STREAMLINED VCP SUBMISSION
Schedule 1 — Interim and Certain Discretionary Nonamenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 530 Schedule 2 — Nonamenders (other than those to which Schedule 1 applies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 533
September 2, 2008 467 2008–35 I.R.B.
Schedule 3 — SEPs and SARSEPs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 535 Schedule 4 — SIMPLE IRAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 542 Schedule 5 — Plan Loan Failures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 548 Schedule 6 — Employer Eligibility Failures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 553 Schedule 7 — Failure to Distribute Elective Deferrals in Excess of the § 402(g) limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . 554 Schedule 8 — Failure to Pay Required Minimum Distribution Timely under § 401(a)(9) . . . . . . . . . . . . . . . . . . . . . . . . . 556 Schedule 9 — Correction by Plan Amendment (in accordance with Appendix B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 558
audit, the Plan Sponsor may correct the failure and pay a sanction. The sanction imposed will bear a reasonable relationship to the nature, extent, and severity of the failure, taking into account the extent to which correction occurred before audit.
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