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Retirement Plans Newsletter

November 18, 2022


[Official Guidance]

Text of EBSA Proposed Amendments and Comment Request: Voluntary Fiduciary Correction Program

134 pages. "This document contains an amended and restated Voluntary Fiduciary Correction Program (VFC Program or Program) under Title I of [ERISA] and a request for comment.... Specifically, the Program amendments add a self- correction feature, clarify some existing transactions eligible for correction under the Program, expand the scope of other transactions currently eligible for correction, and simplify certain administrative or procedural requirements for participation in and correction of transactions under the VFC Program."  MORE >>

Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]

[Official Guidance]

Text of EBSA Proposed Amendment to PTE 2002-51, to Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program

20 pages. "This amendment to the VFCP Class Exemption is being proposed in connection with the Department's amendment and restatement of the VFC Program ... If granted, the amendment to the VFCP Class Exemption would affect plans, participants and beneficiaries of such plans, and certain other persons engaging in such transactions."  MORE >>

Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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