Correcting errors before they cost you
$225.00
Description
Abstract: The Voluntary Fiduciary Correction Program (VFCP) was created by the Department of Labor (DOL) to encourage correction of plan operational errors. If a plan official satisfies the VFCP terms, the DOL will issue a “no action” letter and won’t impose any further sanctions. This article reviews what transactions may be corrected and the steps to take.
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