Today the IRS issued Revenue Procedure 2015-27, which contains guidance pertaining to the Employee Plans Compliance Resolution System (EPCRS), a comprehensive system of correction programs for sponsors of retirement plans that are intended to satisfy the requirements of Sections 401(a), 403(a), 403(b), 408(k), or 408(p) of the Internal Revenue Code, but that have failed to meet those requirements for a period of time.  The guidance includes miscellaneous changes made to improve EPCRS, such as reduced Voluntary Correction Program compliance fees relating to failures to meet the requirements of Section 72(p) with respect to participant loans.  Additionally, the guidance clarifies correction rules on overpayment failures.