Benchmark: Simplifying Fiduciary Breach Corrections under the VFC Program
Take this benchmark to assess how much you would benefit from taking the course on the Voluntary Fiduciary Correction Program (VFC Program). In a few minutes, you’ll see whether you grasp why the amendments matter, when the self-correction component (SCC) is appropriate, what documentation and workflows you’ll need, and the risks of getting a correction wrong.
Your responses will reveal if you can confidently choose between SCC and a full VFC application, restore participants’ balances properly, and be ready for potential EBSA verification. Use this as a quick readiness check to pinpoint knowledge gaps before you invest time in the full course—so you can focus on the areas that will most improve compliance, efficiency, and participant protection.
NOTE: Unless otherwise indicated, all Benchmarks are free of charge!