"A 401k plan sponsor was changing investments and recordkeepers and overlooked distributing the blackout notice. The plan is now out of the blackout period. Is there a correction vehicle in EPCRS for this? Is self-correction an option? At least one of the participants lost significant $$$ due to not knowing about the blackout as well as the mapping of his investments from old to new not aligning the way he wanted. If the Plan Sponsor makes the individual(s) whole and documents everything from start to finish, would that be a sufficient fix? Do you think this is something that would be covered by the plan sponsor's E&O policy?"

"Does anyone know the fee for a VCP pre-submission conference? Is the IRS doing them? I know it is only as time and resources permit. On the IRS website I couldn't see the information about fees specifically for a pre-submission conference, just the regular VCP submission fees, which I'm familiar with. Or are they $0 since the intention is that there will be a VCP immediately forthcoming with the regular full VCP fee?"

"A 401k plan has a year of service requirement to enter the plan. However, employees can roll money into the plan before they hit that year of service. Can an individual who does that, rolls money into the plan before their YOS, take a loan from that rollover? I would think they could not since they are 'participant' loans and the individual is not a participant yet. Or is s/he?"