PensionPal

I have been under the assumption that as depositing employee contributions and loan payments is a prohibited transaction, that once the correction is made and lost earning restored, that form 5330 needs to be prepared and the excise tax submitted. However, I was reading that there is a class exemption under the Pension Payback Program that eliminates the need for filing form 5330. I think this is explained in Amended PTE 2002-51. I am hoping to get clarification on this class exemption. Thanks!