If a filing has been made under the DFVCP, will the plan administrator be liable for any other Department of Labor annual reporting civil penalties?
Annual reports that are filed under the DFVCP are subject to the usual edit checks and other enforcement reviews. Plan administrators generally will have an opportunity to correct deficiencies in accordance with the procedures described in 29 CFR 2560.502c-2. The failure to correct deficiencies in accordance with these procedures may result in the assessment of further deficient filer penalties.
Related Questions
- If a filing has been made under the DFVC Program, will the plan administrator be liable for any other Department of Labor annual reporting civil penalties?
- If a filing has been made under the DFVCP, will the plan administrator be liable for any other Department of Labor annual reporting civil penalties?
- Does a plan administrator waive any rights upon filing under the DFVCP?