At a glance
- The IRA system will take over 60-day rollover waiver requests during 2027 and 2028.
- Advisers with a client who missed the 60-day rollover window will have that waiver request handled by the IRA system from 2027.
- Plan-side corrections are now governed by the 2026 text from the day it was published, the effective date for sponsors, recordkeepers and TPA staff who file them.
The IRS replaced its Employee Plans Compliance Resolution System with Revenue Procedure 2026-34 and launched an IRA correction system. The revenue procedure took effect the day it was announced.
The IRA system will take over 60-day rollover waiver requests during 2027 and 2028. Until 2027, those requests remain under the plan-side compliance procedure.
Advisers with a client who missed the 60-day rollover window will have that waiver request handled by the IRA system from 2027.
Plan-side corrections are now governed by the 2026 text from the day it was published, the effective date for sponsors, recordkeepers and TPA staff who file them.
Reported by The Wrap desk from the_wrap coverage item: IRS replaces EPCRS revenue procedure and launches IRA correction system. Published . Corrections
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