Independent form guide. BrieflyGo is not affiliated with or endorsed by IRS, USCIS, SSA, DOL, or any U.S. government agency. Official forms are sourced from public government websites.
Official form guide
Form 14568C: Model VCP Compliance Statement-Schedule 3 SEPs and SARSEPs
Internal Revenue Service Form 14568-C is the Model VCP Compliance Statement – Schedule 3 for Simplified Employee Pension (SEP) and Salary Reduction SEP (SARSEP) plans. Plan sponsors use it to report failures such as employer‑eligibility issues and to propose corrective actions, including ceasing contributions no later than the filing date.
Need help with Form 14568C?
Open it in the AI Editor for field guidance, checks, and PDF export.
Need help? AI Editor guides you through every field of Form 14568C.
Start filling →Form Overview
IRS Form 14568C - Model VCP Compliance Statement-Schedule 3 SEPs and SARSEPs
Internal Revenue Service Form 14568-C is the Model VCP Compliance Statement – Schedule 3 for Simplified Employee Pension (SEP) and Salary Reduction SEP (SARSEP) plans. Plan sponsors use it to report failures such as employer‑eligibility issues and to propose corrective actions, including ceasing contributions no later than the filing date.
Risk Radar
Scan points- 1Omitting to check the applicable failure box and describe the correction method.
- 2Failing to include the plan name, Applicant’s EIN, and plan number on every page.
- 3Not checking the appropriate failure box (Employer Eligibility, Deferral Percentage Test, or Required Contributions).
- 4Leaving the date for ceasing contributions blank or after the filing date.
- 5Incorrectly indicating former employee involvement when there are none.
Plain English
This form lets a SEP or SARSEP plan sponsor tell the IRS about mistakes like making contributions when not allowed or missing required employer contributions. It requires the sponsor to describe what went wrong, how it will be fixed, and to provide any needed calculations. The goal is to bring the plan back into compliance.
Submission Date
- Filing date: 2023-08-01 22:11:53
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
AI co-pilot
Fill it faster. Catch mistakes before you file.
What this form is for
- Use this form when a Simplified Employee Pension (SEP) or Salary Reduction SEP (SARSEP) plan has a compliance failure and the sponsor must report the failure and propose a corrective method.
- Use this form when the failure involves missing employer contributions or erroneous exclusion of eligible employees for a SEP or SARSEP plan.
- Check Form 14568-C instead when the plan needs to file a different schedule of the VCP compliance statement.
Form selector
Use this form or another form?
Failure to make required employer contributions for a SEP or SARSEP plan
Reports the failure and proposes corrective contributions
✓ Confirm the failure description matches Schedule 3 options
Uniform percentage correction for non‑forfeitable contributions to NHCEs
Describes the proposed method using the uniform percentage difference
✓ Verify the uniform percentage calculation is included
Use of VFCP Online Calculator for corrective contribution years
Documents the interest rate and years applied
✓ Ensure the calculator URL is cited
Deadline or filing window
Not stated in the official source.
Checklist
What you need before filling it out
Plan name
Plan name as entered on the top of each page · Form header (page 1)
Applicant’s EIN
Employer Identification Number of the plan sponsor · Form header (page 1)
Plan number
Identifier assigned to the plan · Form header (page 1)
Description of the Proposed Method of Correction
Narrative describing uniform percentage contribution or additional contributions · Page 2 description section
Failure checkboxes
Checked boxes indicating specific failure types · Page 1 failure selection area
Before you submit
- 1Verify the form revision date reads Rev. 7‑2023 (July 2023).
- 2Enter the plan name, Applicant’s EIN, and plan number on the top of each page.
- 3Check the appropriate failure box(es) that describe the compliance issue.
- 4Provide a detailed description of the proposed method of correction in the designated field.
- 5Include the uniform percentage calculation if correcting NHCE contributions.
- 6Indicate the years the VFCP Online Calculator was or will be used.
- 7Sign the form where required before mailing.
How to file this form
- 1Complete all required fields on Form 14568-C, including identification and correction details.
- 2Review the form for accuracy and ensure the correct failure boxes are checked.
- 3Obtain the sponsor’s authorized signature on the form.
- 4Attach any supporting documentation referenced in the correction description.
- 5Mail the signed form to the IRS address specified in the instructions.
- 6Retain a copy of the submitted form and attachments for records.
Known limitations
- 1Only for Simplified Employee Pension (SEP) plans, including Salary Reduction SEP (SARSEP) plans.
- 2Only to report failures to comply with the Internal Revenue Code (IRC) for the identified plan.
- 3Applicable when the failure involves nonforfeitable contributions made to all eligible non‑highly compensated employees (NHCEs).
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->The form is the July 2023 revision (Rev. 7‑2023); the source does not indicate a newer version.
What changed or needs a fresh check
- Edition date — confirm the form shows Rev. 7‑2023 (July 2023) on page 1
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
Quick Facts
Downloads
After you file
- 1Keep the signed copy of Form 14568-C for at least 7 years.
- 2File any corrective contributions to affected NHCE SARSEP IRAs as described.
- 3Monitor for IRS acknowledgment or notice regarding the submission.
- 4If an error is discovered, submit an amended Form 14568-C with corrected information.
- 5Store records of the VFCP Online Calculator calculations for the years used.
Sources
- SRCForm p.1 — title and revision date (Rev. 7‑2023, July 2023) stated.
- SRCForm p.1 — indicates the form is for Simplified Employee Pension (SEP) and Salary Reduction SEP (SARSEP) plans.
- SRCForm p.1 — instruction to include plan name, Applicant’s EIN, and plan number on each page.
- SRCForm p.3 — describes failure to make required employer contributions for SEPs or SARSEPs.
- SRCForm p.2 — provides example of uniform percentage correction for NHCE contributions.
- SRCForm p.2 — mentions use of the VFCP Online Calculator for corrective contribution years.
- SRCForm p.4 — includes checkbox stating there are no former employees affected by the failure.
- SRCForm p.5 — repeats former employees statement and corrective contribution actions.
- SRCNot stated in the official source — fee information.
- SRCNot stated in the official source — mailing address.
Common confusion points
Do I need to list former employees if none were affected?
The form includes a checkbox for former employees, which can be missed.
→ Confirm the checkbox 'There are no former employees affected by the failure' is selected.
Where do I enter the uniform percentage for NHCE contributions?
The description field may be ambiguous about where to place the calculation.
→ Include the uniform percentage details in the 'Description of the Proposed Method of Correction' section.
Is the VFCP Online Calculator required for every year?
The form asks for years used, but some may think it's optional.
→ Specify the exact year(s) the calculator was or will be used in the designated line.
Can I use a different interest rate than the VFCP calculator?
The form references the calculator rate, leading to confusion about alternatives.
→ Use the rate from the VFCP Online Calculator unless IRS guidance permits otherwise.
Do I need to attach the calculator output?
The form does not explicitly require attachment, causing uncertainty.
→ Attach a printout of the VFCP calculation if available to support the correction.
What if the plan sponsor is a former employee?
The form mentions contacting former employees but not sponsor status.
→ Ensure the sponsor is the current plan sponsor; former employee status does not affect filing.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
Questions about IRS Form 14568C
What is IRS Form 14568C used for?
This form lets a SEP or SARSEP plan sponsor tell the IRS about mistakes like making contributions when not allowed or missing required employer contributions. It requires the sponsor to describe what went wrong, how it will be fixed, and to provide any needed calculations. The goal is to bring the plan back into compliance.
Who must file IRS Form 14568C?
The sponsor of a Simplified Employee Pension (SEP) or Salary Reduction SEP (SARSEP) must file IRS Form 14568-C.
What information does IRS Form 14568C require?
The form collects the plan name, applicant’s EIN, and plan number on every page, identifies the specific failure(s) (Employer Eligibility, Deferral Percentage Test, or Required Employer Contributions), details the plan year(s) affected, and describes the proposed method of correction, including any required computations.
How do I complete IRS Form 14568C?
Enter the plan name, applicant’s EIN, and plan number on each page. Check the box for each failure that applies and fill in the required details, such as the plan year(s) affected and the proposed correction method. Indicate whether former employees are affected and, if so, describe the outreach steps. Provide the required calculations for corrective contributions. Sign the statement before submitting it to the IRS.
Do I need to list former employees if none were affected?
The form includes a checkbox for former employees, which can be missed. Confirm the checkbox 'There are no former employees affected by the failure' is selected.
Where do I enter the uniform percentage for NHCE contributions?
The description field may be ambiguous about where to place the calculation. Include the uniform percentage details in the 'Description of the Proposed Method of Correction' section.
Is the VFCP Online Calculator required for every year?
The form asks for years used, but some may think it's optional. Specify the exact year(s) the calculator was or will be used in the designated line.
Can I use a different interest rate than the VFCP calculator?
The form references the calculator rate, leading to confusion about alternatives. Use the rate from the VFCP Online Calculator unless IRS guidance permits otherwise.
Source transparency
Copyright & Licensing - US Government Forms
BrieflyGo links to and explains official public form sources. We are not a government agency, and this page is for general form guidance, not legal advice.
Understand the agreement before you sign it.
Review risky clauses in plain English, fix the document, and keep it moving toward signature.