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Employee Benefits Security Administration › Fiduciary Duty › Loan Repayment Issues

Faegre Drinker Biddle & Reath LLP

New Self-Correction Component under the DOL’s Voluntary Fiduciary Correction Program

Faegre Drinker Biddle & Reath LLP on

The Voluntary Fiduciary Correction Program (VFCP) has long been a source of reprieve to plan sponsors and fiduciaries from enforcement actions by the Department of Labor (DOL), by allowing the voluntary correction of a number...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Loan relief from EBSA

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

BSA Notice 2020-01 from the Employee Benefits Security Administration (EBSA) announced important relief for plan sponsors in connection with authorizing plan loans and distributions...more

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