STOP

1. Self Correction Program – Decision Tree Rev. Proc. 2008-50 Seth H. Tievsky PLLC, Washington DC START: Identify failure and years occurred • 4 • Determine if failure is “significant” or “insignificant”: • “no single factor is determinative” • for multiple different failures per year, apply in aggregate • Asset % and contribution % involved • Number of years failure occurred • Participants affected relative to total # in plan • Participants affected relative to # who could have been affected • Correction within reasonable time of discovery • Reason for failure (e.g., data transcription error) 1Operational failure? 2Admin procedures in place? No 3“Egregious” or misuse of assets? Yes No Yes Yes No STOP STOP STOP No “Insignificant” 5 Is failure significant or insignificant? 6Apply permissible correction method Correct via retroactive amendment? 7 Is retro amdmnt allowed? SCP Citations – Rev. Proc. 2008-50 1. §§4.01; 5.01(2)(b) 2. §4.04 3. §4.11, 4.12 4. §§8.02; 8.03 5. Id. 5A. §§4.03; 5.01(4) 5B. §§4.02; 5.03; 9.02; 9.04 5C. §§9.02; 9.04 6. §6.02 7. §4.05(2); App. B §2.07 Yes Yes “Significant” No Yes Prepare & preserve documentation 5CIs “correction period” open? 5AHave “current” determ letter? 5B Is plan “underexam” STOP Yes No No Yes No STOP STOP STOP February 2009 0702-0804355 DC