Page 8 - Correction Program News Today

November 18, 2022, the Department of Labor (“DOL”) released a number of changes to its Voluntary Fiduciary Correction Program (“VFCP”) in both an update of VFCP and related guidance.

The November Monthly Minute examines the new DOL final rule addressing fiduciary duties relating to ESG investing and shareholder rights, and a DOL proposed rule that would permit...

If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty.

GOVERNMENT CONTRACTS - SBA Adjusts Economic Disadvantage Thresholds for 8(a) and EDWOSB Programs and Monetary-Based Size Standards - Per an interim final...

The Social Security Administration told POLITICO that roughly 44,000 disability claims have referenced a prior Covid infection, though it is not necessarily the reason for the application.

The Labor Department proposed expanding its Voluntary Fiduciary Correction Program for ERISA plan sponsors to include electronic notification.

On August 3, 2022, the IRS published Notice 2022-33, which extends the deadlines for amending retirement plans and IRAs to reflect certain changes to the law made by the SECURE Act; the...

The call for real ERISA Fiduciary Advisors

Employers will have the opportunity to review and self-correct retirement plan failures upon being identified for plan examination by the Internal Revenue Service.

Employers will have the opportunity to review and self-correct retirement plan failures upon being identified for plan examination by the Internal Revenue Service (IRS). The IRS...