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Benefit Plan Sponsors › Enforcement Actions › Penalties

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

When 401(k) Contributions Disappear: The Harsh Lessons of Micone v. iProcess Online, Inc.

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

You can cut corners in business. You can play fast and loose with your vendor contracts. You can even get away with sloppy recordkeeping—at least for a while. But when you mess with employee 401(k) contributions, you’re not...more

Morrison & Foerster LLP

Sorry I’m Late: New Guidance on Late Contributions

Morrison & Foerster LLP on

Twenty (20!) years after it last issued guidance, the DOL’s Employee Benefits Security Administration has finally released an updated Voluntary Fiduciary Correction Program (VFCP). VFCP is a program that permits retirement...more

McDermott Will & Schulte

DOL Proposes Significant Changes to VFCP Program

McDermott Will & Schulte on

On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a...more

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