What DFVCP is
The Department of Labor describes the Delinquent Filer Voluntary Compliance Program as a way for eligible plan administrators to submit overdue annual reports and pay reduced civil penalties.
File the delinquent annual report
For each year for which relief is requested, the filer generally submits the appropriate Form 5500 or Form 5500-SF through EFAST2 and marks the DFVC Program indicator as required by the current instructions.
Eligibility matters
Not every filer or filing is eligible. The DOL lists limitations involving amended filings, Form 5500-EZ filers, one-participant plans, many direct filing entities and filers who have already received certain penalty notices.
Use the official calculator and payment process
The DOL provides a DFVCP calculator and online payment process. Use the current official tool rather than estimating a penalty from an old chart.