Rule lifecycle · RIN:1210-ZA23
Prohibited Transaction Exemption (PTE) 2002-51 To Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program
Department of Labor, Employee Benefits Security Administration — observed across 2 documents over 786 days. Use the source documents below before deciding whether this affects your business.
In plain English
The Labor Department allows employers to fix mistakes in managing employee retirement plans without facing penalties, as long as they report the problems and correct them through an official program. If you run a company retirement plan and made errors—like miscalculating contributions or missing deadlines—you can now self-correct them without facing fines or lawsuits.
First seen
Nov 21, 2022
Last seen
Jan 15, 2025
Latest stage
Rule
PRORULE → RULE
786d
Stage timeline
Proposed·Nov 21, 2022
Prohibited Transaction Exemption (PTE) 2002-51 To Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program
#2022-24702
Final·Jan 15, 2025
Prohibited Transaction Exemption (PTE) 2002-51 To Permit Certain Transactions Identified in the Voluntary Fiduciary Correction Program
#2025-00328