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ERISA gurus urge DOL to create 408(b)(2) 'corrections program'
By Melanie WaddellProgram would not let bad actors evade punishmentrather it would provide a streamlined process with reduced penalties.
With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
Program would not let bad actors evade punishmentrather it would provide a streamlined process with reduced penalties.