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DOL Voluntary Fiduciary Correction Program Updates
Boutwell Fay LLP Link to more items from this source
[Guidance Overview]
Mar. 30, 2025

"[K]ey updates include the introduction of a Self-Correction Component (SCC), which allows fiduciaries to rectify specific issues without submitting a full VFCP application. Instead, a streamlined SCC notice can be filed electronically, covering delinquent participant contributions and inadvertent participant loan failures."  MORE >>

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