Navigating the DOL’s Voluntary Fiduciary Correction Program
In the administration of employee benefit plans (EBPs) occasional errors are inevitable. While proactivity, responsiveness and a robust internal control environment help to mitigate the negative effects of these errors, the U.S. Department of Labor (DOL) allows certain errors to be corrected through its Voluntary Fiduciary Correction Program (VFCP). Don’t miss: What is a 401(k) …