The VFCP allows sponsors to identify and self-correct potential problems that might otherwise incur investigative or enforcement actions. VFCP participants must fully correct eligible transactions, ...

For more stories like this, sign up for the PLANADVISERdash daily newsletter. More on the VFCP proposal can be found here. The comment period for the proposal closed today. A public comment letter ...

The DOL's Employee Benefits Security Administration (EBSA) recently announced its intent to update its Voluntary Fiduciary Correction Program (VFCP) to create a new self-correction process for ...

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Late contributions to a 401(k) could therefore lead to penalties, interest charges and the need to file a Voluntary Fiduciary Correction Program (VFCP) application. Employers may also need to make ...

SECURE 2.0 includes a provision related to the VFCP and the Labor Department's Employee Benefits Security Administration wants public feedback before finalizing its rule. "Reopening the comment ...