News & Analysis as of

Employee Benefits › Voluntary Correction Program › Employee Retirement Income Security Act (ERISA)

Parker Poe Adams & Bernstein LLP

Department of Labor Launches New and Expanded Self-Audit Programs Related to Labor Law Compliance

Parker Poe Adams & Bernstein LLP on

On July 24, the U.S. Department of Labor (DOL) announced several self-audit and voluntary compliance programs across six of its agencies aimed at what the agency describes as helping employers, unions, and benefit plan...more

Snell & Wilmer

Five Things to Know about the DOL’s New VFCP Self-Correction Feature Taking Effect Next Week

Snell & Wilmer on

By Amberlee Lapointe On January 14, 2025, the DOL’s Employee Benefits Security Administration (“EBSA”) released updates to its Voluntary Fiduciary Correction Program (“VFCP”), along with a News Release and Fact Sheet...more

Bass, Berry & Sims PLC

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

Bass, Berry & Sims PLC on

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

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

Bricker Graydon LLP

Too Little, Too Late? Plan Contribution Timing Requirements and How to Correct Delays

Bricker Graydon LLP on

One of the most basic duties of a defined contribution plan sponsor is to ensure that that there is no delay and participants’ salary deferral elections are correctly and timely deposited into the retirement plan. Not only is...more

Groom Law Group, Chartered

DOL Reopens Comment Period for Voluntary Fiduciary Correction Program Changes

Groom Law Group, Chartered on

The Department of Labor (“DOL”) recently announced (88 Fed. Reg. 9408, Feb. 14, 2023) that it will reopen the public comment period on proposed amendments to DOL’s Voluntary Fiduciary Correction Program (“VFCP”) and its...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

DOL to amend the DFVCP Program

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

Employee Benefit Security Administration plans to amend and restate its Voluntary Fiduciary Correction Program (VFCP)...more

Sheppard Mullin Richter & Hampton LLP

For Tax-Exempt Employers: 403(b) Retirement Plan Compliance Opportunity

Sheppard Mullin Richter & Hampton LLP on

Tax-exempt employers have a special opportunity to fix compliance concerns with their 403(b) retirement plans. They have through March 31, 2020 – the “Remedial Amendment Period” (RAP) – to retroactively self-correct...more

Franczek P.C.

Monthly Benefits Update - January 2013

Franczek P.C. on

In This Issue: - Health & Welfare Plans ..Health Care Reform: IRS Issues Proposed “Pay or Play” Regulations ..Health Care Reform: IRS Issues FAQs on Various ACA Issues ..HHS Issues Final HIPAA Regulations...more

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