DOL Correction Programs
David A. Guadagnoli participated in a workshop at the 2014 ASPPA (American Society of Pension Professionals & Actuaries) on Tour Regional Conference. He discussed the correction programs the Department of Labor has in place to fix retirement plans.
Designed for sponsors, fiduciaries and service providers alike, this workshop reviewed the benefits of each of these programs, and what the Department of Labor is seeing in practice.
Session learning objectives included:
- An understanding of when to use each program
- What to do if a situation is not quite within the four corners of a particular program
- How to decide when to go to the Department of Labor and when to self-correct