Feature
Plan Sponsor – Friendly?
The "new" PWBA under Ann Combs is putting a new
emphasis on guidance in murky areas of ERISA. It is seeking
to expand its voluntary fiduciary correction program,
reviewing the exemption process for prohibited transactions,
and seeking new authority from Congress for discretion in
imposing fines in negotiated settlements. What's a plan
administrator not to like?
Reported by Robert Stowe England
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