Posted by Marc S. Schechter | Jan 27, 2025 |
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) released its updates and fact sheet for the fiscal year 2024. As a tax-qualified plan sponsor, there are implications and critical importance for ERISA compliance for plan fiduciaries and administrators...
Posted by Marc S. Schechter | Jan 14, 2025 |
The Department of Labor's Employee Benefits Security Administration (EBSA) has updated the Voluntary Fiduciary Correction (VFC) Program under ERISA. Key changes include the addition of self-correction options for certain fiduciary breaches, expanded eligibility for transaction corrections, and simplified administrative requirements...