Labour market · 15/01/2025

ERISA Amends Voluntary Fiduciary Correction Program to Simplify and Expand Relief for Employers

The Employee Retirement Income Security Act of 1974 (ERISA) has amended the Voluntary Fiduciary Correction Program (VFC Program) to make it easier for employers to correct fiduciary breaches and comply with the law, avoiding potential Department of Labor civil enforcement actions and penalties.