Does a plan administrator waive any rights upon filing under the DFVC Program?

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Does a plan administrator waive any rights upon filing under the DFVC Program?

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Yes. Payment of the penalty amount under the terms of the DFVC Program constitutes, with regard to the filings submitted under the Program, a waiver of the right both to receive notice of the assessment from the Department and to contest the Departments assessment of the DFVC Program penalty amount.

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