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For Office Use Only Receipt: Initials & Date VIRGINIA INSTITUTE OF PROCUREMENT VIA APPLICATION FOR CERTIFICATION Please print To be eligible to register for the Virginia Contracting Associate (VIA)
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What is vca application?
VCA application stands for Voluntary Correction Application. It is used by plan sponsors to voluntarily correct compliance failures with the IRS and Department of Labor.
Who is required to file vca application?
Plan sponsors who have identified compliance failures in their retirement plans are required to file a VCA application.
How to fill out vca application?
To fill out a VCA application, plan sponsors need to gather information about the compliance failure, complete the necessary forms, and submit the application to the appropriate agency.
What is the purpose of vca application?
The purpose of the VCA application is to allow plan sponsors to correct compliance failures in their retirement plans and avoid potential penalties.
What information must be reported on vca application?
The VCA application must include details about the compliance failure, the steps taken to correct it, and any other relevant information requested by the IRS or Department of Labor.
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