William Gebo

William Gebo

Bass, Berry & Sims PLC

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Updated Voluntary Fiduciary Correction Program for ERISA Plans Includes Self-Correction Features

As announced in our previous HR Law Talk blog post, on January 15, the U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) published a much anticipated amended and restated version of the...more

2/20/2025  /  Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , EPCRS , Fiduciary Duty , Final Rules , Retirement Plan , Self-Correction Programs , Voluntary Correction Program

BREAKING: DOL Expands the Voluntary Fiduciary Correction Program

Yesterday, the U.S. Department of Labor (DOL) published in the Federal Register an updated version of the Voluntary Fiduciary Correction Program (VFCP) under Title I of ERISA. Per the DOL, VFCP “is designed to encourage...more

1/16/2025  /  Compliance , Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Employer Liability Issues , Enforcement Actions , Fiduciary Duty , Regulatory Requirements , Reporting Requirements , Retirement Plan
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