← DOL Federal Register rules

Delinquent Filer Voluntary Compliance Program

retirement-erisa · Employee Benefits Security Administration · Published 2002-03-28 · Effective 2002-03-28 · 67 FR 15052

Document

Document number
02-7514
Federal Register citation
67 FR 15052
CFR reference
29 CFR 2560
Type
Rule
Action
Notice, Delinquent Filer Voluntary Compliance Program.
Category
retirement-erisa
Sub-agency
Employee Benefits Security Administration
Publication date
2002-03-28
Effective date
2002-03-28

Abstract

This Notice modifies the Delinquent Filer Voluntary Compliance Program ("DFVC Program" or "Program") announced by the Department of Labor's Pension and Welfare Benefits Administration in 1995. The DFVC Program is intended to encourage, through the assessment of reduced civil penalties, delinquent plan administrators to comply with their annual reporting obligations under Title I of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Following a review of the DFVC Program, as adopted in 1995, the Department has determined to update the Program and adjust the civil penalty structure under the Program in an effort to further encourage and facilitate voluntary compliance by plan administrators with ERISA's annual reporting requirements. Because the modifications to the DFVC Program include lower civil penalty assessments, the modifications are being put into effect upon publication of this notice in the Federal Register. Nonetheless, the Department is seeking comments from the public on the modified Program.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown