Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
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.
Additional information
| Federal Register Title | Voluntary Fiduciary Correction Program. Document Number: 2025-00327 |
|---|---|
| Course SKU | FR-25-330-1 |
| Why This Course Is Important | Potential learners may miss out on understanding the latest updates to the VFC Program that could simplify fiduciary breach corrections and reduce potential penalties. |