Plan Mistakes and Corrections
Complying with the many legislative and regulatory rules impacting employee benefit plans can be a daunting task. As a result, mistakes happen. Correction of plan failures requires experienced ERISA counsel to ensure continued plan qualification. Our attorneys assist our clients in correction of plan failures, offering services such as the IRS Self-Correction Program (SCP); VCP; VCAP; late or rejected Form 5500s and correction of prohibited transactions, including under the DOL's Voluntary Fiduciary Correction Program and evaluation of self-correction options.