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DOL Proposes Self-Correction Option and Other Changes to Voluntary Fiduciary Correction Program | Proskauer - Employee Benefits & Executive Compensation Blog

The U.S. Department of Labor (the “DOL”) proposed changes to its Voluntary Fiduciary Correction Program (the “VFCP”) in November for the first time since 2006. The most significant. ....

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Department of Labor Proposed Changes to VFCP

The DOL proposed changes to Voluntary Fiduciary Correction Program for the first time since 2006. A significant change is a self correction option for delinquent deposits of participant contributions and loan repayments. The DOL is accepting comments through January 20, 2023. ....

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IRS Launches Pre-Examination Retirement Plan Compliance Program Trial - Employee Benefits & Compensation

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

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IRS Launches Pre-examination Retirement Plan Compliance Program Trial | Ogletree, Deakins, Nash, Smoak & Stewart, P.C.

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. ....

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IRS Pre-Examination Retirement Plan Trial

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. If any failures are identified follow the IRS’s Employee Plans Compliance Resolution System EPCRS guidance ....

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