LawyerGuy

We found out recently that when we changed plans we did not provide the blackout notice to non-employee participants (i.e. former employees). By the time we corrected the error the new plan was up and running. Does anyone have experience with this or recommend any steps to take? I've seen the $131/day penalty which gets a little pricey when there were ~40 people who didn't get the notice. Appreciate any help.