Jason Lee

Jason Lee

Groom Law Group, Chartered

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DOL Finalizes Update to Voluntary Fiduciary Correction Program

On January 15, 2025, the Department of Labor (“DOL”) issued notice amending its Voluntary Fiduciary Correction Program (“VFCP”), along with related final amendments to Prohibited Transaction Exemption 2002-51 (“PTE 2002-51”),...more

2/11/2025  /  Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Fiduciary Duty , Internal Revenue Code (IRC) , Pensions , Prohibited Transactions , Reporting Requirements , Retirement Plan , Self-Correction Programs

DOL Suggests Changes to Its Voluntary Fiduciary Correction Program and Related Exemption

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....more

12/2/2022  /  Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Fiduciary , Form 5500 , Self-Correction Programs , Voluntary Fiduciary Compliance Program (VFCP)
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