United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2006_register executive 2010-09-22 article Part III Notices D09002ee1c80f9065 D09002ee1c80f910e United States Department of Labor originator org United States Government Agency or Subagency United States Employee Benefits Security Administration originator org United States Government Agency or Subagency This Notice includes an updated and streamlined version of the Voluntary Fiduciary Correction Program (VFC Program or the Program) under the Employee Retirement Income Security Act. The VFC Program is designed to encourage the voluntary correction of fiduciary violations by permitting persons to avoid potential civil actions and civil penalties if they take steps to correct identified violations in a manner consistent with the Program. The Program included in this Notice reflects changes made in response to public comments received on the VFC Program modifications implemented in April 2005. The final Program includes additional transactions, reduced documentation requirements, a simplified application form, a checklist, and availability of an online calculator for determining the amount to be restored to plans. These changes serve to both encourage and facilitate the use of the Program as a means by which to correct covered fiduciary violations. 71 FR 20262 https://www.govinfo.gov/app/details/FR-2006-04-19/06-3674 06-3674 fr19ap06-173 RIN 1210-AB03 4510-29-P https://www.govinfo.gov/app/details/FR-2006-04-19/06-3674 https://www.govinfo.gov/content/pkg/FR-2006-04-19/html/06-3674.htm https://www.govinfo.gov/content/pkg/FR-2006-04-19/pdf/06-3674.pdf 24 p. 20262 20285 71 FR 20262 RIN 1210-AB03 Voluntary Fiduciary Correction Program Under the Employee Retirement Income Security Act of 1974; Federal Register Vol. 71, Issue NOTICE 06-3674 III DEPARTMENT OF LABOR Employee Benefits Security Administration 2006-05-19 4510-29-P 06-3674 Adoption of Updated Voluntary Fiduciary Correction Program.

This Notice includes an updated and streamlined version of the Voluntary Fiduciary Correction Program (VFC Program or the Program) under the Employee Retirement Income Security Act. The VFC Program is designed to encourage the voluntary correction of fiduciary violations by permitting persons to avoid potential civil actions and civil penalties if they take steps to correct identified violations in a manner consistent with the Program. The Program included in this Notice reflects changes made in response to public comments received on the VFC Program modifications implemented in April 2005. The final Program includes additional transactions, reduced documentation requirements, a simplified application form, a checklist, and availability of an online calculator for determining the amount to be restored to plans. These changes serve to both encourage and facilitate the use of the Program as a means by which to correct covered fiduciary violations.

The VFC Program contained in this Notice is effective May 19, 2006. For Questions Regarding the VFC Program Amendments: Contact Kristen L. Zarenko, Office of Regulations and Interpretations, Employee Benefits Security Administration (EBSA), (202) 693-8510. Employee Retirement Income Security Act: Voluntary Fiduciary Correction Program, http://www.dol.gov/ebsa/ http://www.dol.gov/ebsa/regs/cmt_vfcp.html www.dol.gov/ebsa/ Vol. 71, no. 75 Office of the Federal Register, National Archives and Records Administration 2006-04-19 continuing daily deposited born digital 363 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2006-04-19 P0b002ee180955e61 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr19ap06 https://www.govinfo.gov/app/details/FR-2006-04-19 https://www.govinfo.gov/content/pkg/FR-2006-04-19/pdf/FR-2006-04-19.pdf https://www.govinfo.gov/content/pkg/FR-2006-04-19/xml/FR-2006-04-19.xml fdlp 19983 20334 DGPO 2010-09-22 2024-06-06 FR-2006-04-19 machine generated eng FR FR-2006-04-19 71 75