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DOL Reopens Comment Period for Voluntary Fiduciary Correction Program Changes
Groom Law Group Link to more items from this source
[Guidance Overview]
Mar. 1, 2023

"One of the key changes in the DOL's proposed amendments would allow plan fiduciaries to self-correct late-deposited participant contributions or loan repayments by filing a notice of correction with the DOL, in lieu of filing a full VFCP application, when the 'lost earnings' due to the plan are $1,000 or less."

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