Simplifying Fiduciary Breach Corrections under the VFC Program

Explore the latest updates to the Voluntary Fiduciary Correction Program (VFC Program), which aims to facilitate easier correction of fiduciary breaches under ERISA. Learn about the new self-correction feature for participant contributions and loan repayments, and how these amendments simplify compliance and protect retirement savings.

In this course you will learn the following:
* Understand the purpose and scope of the VFC Program.
* Identify key amendments and their implications for fiduciary compliance.
* Implement self-correction procedures for eligible transactions.
* Recognize the consequences of non-compliance with the VFC Program.