DFVCP

DOL Delinquent Filer Voluntary Compliance Program — reduced-penalty cure for late Form 5500/SF filings (does NOT cover Form 5500-EZ).

Definition

DFVCP (Delinquent Filer Voluntary Compliance Program) is a DOL program that lets late filers of Form 5500 and 5500-SF settle penalties at reduced rates. CRITICAL: DFVCP does NOT apply to Form 5500-EZ filers — they must use the IRS Late Filer Penalty Relief Program under Rev. Proc. 2015-32, which caps penalties at $500 per delinquent return up to $1,500 per submission.

Official source: DOL DFVCP

Related terms

IRS Late Filer Penalty Relief ProgramRev. Proc. 2015-32 program that lets one-participant plan filers cure late Form 5500-EZ at $500/return capped at $1,500/submission.Form 5500-EZIRS annual return for one-participant retirement plans (owner-only Solo 401(k), partner-spouse plan, or foreign plan).