EPIC Retirement Plan Services
Randall & Hurley, Inc.
Loren D. Stark Company
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|Text of New DOL Q&A Guidance on Earnings Calculations Under Voluntary Fiduciary Corrections Program|
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
July 31, 2002
Excerpt: PWBA received questions and public comments requesting clarification on how to calculate earnings on delinquent participant contributions. Therefore, the department believes that additional information regarding correction of delinquent participant contributions under the VFCP will be helpful to the public. This document answers frequently asked questions about the application of the terms of the program to specific factual situations.
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