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New Voluntary Fiduciary Correction Program: Sometimes, Voluntary Can Feel Mandatory
Belfint Lyons Shuman 
[Guidance Overview] May 22, 2025 "SCC-eligible sponsors can now officially use the DOL calculator to compute lost earnings, but the new SCC added an online submission and other paperwork to employers who used to self-correct without telling the government. However, for employers who filed under VFCP and are now eligible for SCC, the Department estimates that the SCC will streamline the process for 73 percent of small and large VFC cases involving Lost Earnings less than or equal to $1,000." MORE >> |
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