Voluntary Fiduciary Correction Program Sample No Action Letter

This document is about a sample no-action letter from the U.S. Department of Labor's Employee Benefits Security Administration (EBSA) for the Voluntary Fiduciary Correction Program. The letter outlines the EBSA's decision to take no further civil enforcement action against the plan official who has taken corrective action for a breach of fiduciary responsibility under ERISA, provided the representations in the application are complete and accurate. The letter also mentions that the transaction may be referred to the Internal Revenue Service and that the decision is binding only on the EBSA, not other governmental agencies or plan participants and beneficiaries.