The IRS recently released a memo regarding the fees for the Voluntary Correction Program. The IRS has noticed an uptick in submissions with incorrect user fees, many of which were higher than is required. Plan sponsors need to make sure they are using Rev. Proc. 2017-04, Appendix A.08 to determine the correct fee associated with VCP user submissions for 2017. In February 2016, many types of 401(a) and 403(b) submission fees were reduced. Plan sponsors will want to use the correct fee schedule to avoid overpaying VCP submission fees.