Blackout Notice (Line 4n)

[LRC]

When changing recordkeepers, a blackout notice was timely provided to all actively-employed plan participants, but was inadvertently not provided to terminated-vested participants. The error was not discovered until the blackout period had ended. Is there any correction method for the failure to provide the blackout notice to all participants? Is anyone aware of the DOL taking enforcement action for such failure to provide notice? How should Line 4n of the Form 5500 be completed (i.e., check “yes” that the blackout notice was provided)?