Business Law & Regulations, Finance

The IRS Starts the Summer with a Splash: New Guidance for Self-Correction

May 30, 2023

Via: National Law Review

As discussed in an earlier blog post, the SECURE 2.0 Act of 2022 (the Act) expanded the Employee Plans Compliance Resolution System (EPCRS), a comprehensive IRS program for correcting common qualified retirement plan failures. Plan sponsors have three ways to […]

Business Law & Regulations, Employment & Labor

DOL Reopens Comment Period for Voluntary Fiduciary Correction Program Changes

March 1, 2023

Via: JD Supra

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 related class exemption, Prohibited Transaction Exemption […]