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DOL Fact Sheet Describing Voluntary Fiduciary Correction Program (PDF)
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
[Official Guidance] Mar. 27, 2002
Released March 27, 2002. Excerpt: Fourteen specific financial transactions and appropriate steps are available to fully and quickly correct any violations in the program. Corrective remedies are prescribed for the following fiduciary violations ... Delinquent Participant Contributions to Pension Plans ... Delinquent Participant Contributions to Welfare Plans ... Fair Market Interest Rate Loans With Parties-in-Interest ... Below Market Interest Rate Loans With Parties-in-Interest ...
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