"The DOL provides an online tool that calculates lost earnings for plan sponsors when they owe earnings to their retirement plans due to a prohibited transaction.... Under EPCRS, the IRS provides that to the extent possible earnings on any corrections should be calculated using actual earnings.... There are also several rules of administrative convenience that may be used when the correction involves increasing a participant's account.... There are different rules of administrative convenience that may be used when the correction involves decreasing a participant's account."  MORE >>