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Page 14 - Correction Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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DOL Proposes Self-Correction Option and Other Changes to Voluntary Fiduciary Correction Program | Proskauer - Employee Benefits & Executive Compensation Blog

The U.S. Department of Labor (the “DOL”) proposed changes to its Voluntary Fiduciary Correction Program (the “VFCP”) in November for the first time since 2006. The most significant. ....

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EBSA Collects $1.4 Billion, Largely from Enforcement, in 2022

More than $500 million of the recoveries returned to defined benefit plan participants. ....

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Department of Labor Proposed Changes to VFCP

The DOL proposed changes to Voluntary Fiduciary Correction Program for the first time since 2006. A significant change is a self correction option for delinquent deposits of participant contributions and loan repayments. The DOL is accepting comments through January 20, 2023. ....

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EBSA Recovers $1.4 Billion for Plan Participants | Chief Investment Officer

The amount is less than half of what it was 2020, when it started to decline. ....

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EBSA enforcement recoveries dip sharply in FY 2022

The amount recovered from enforcement actions by the DOL's Employee Benefits Security Administration decreased for the second consecutive year. ....

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