In the News

DOL Proposes Changes to Voluntary Fiduciary Correction Program, PLANADVISER

November 28, 2022

Partner Matthew Hawes was quoted in a PLANADVISER article about a proposal from the US Department of Labor (DOL) to allow fiduciaries to correct certain transactional mistakes, then notify the DOL after the fact. Matthew said that while the new process may save fiduciaries some time from the current Voluntary Fiduciary Correction Program, some plan sponsors might continue to use the existing process for the comfort that comes with pre-approval from the DOL.

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