Correction of Prohibited Transactions

We provided advice to client regarding specific steps necessary to correct prohibited transactions; preparation of memorandum for plan fiduciaries, including legal consequences and correction advice; preparation of IRS Form 5330 filing to report the prohibited transactions; preparation and submission of U.S. Department of Labor Voluntary Fiduciary Correction Program filing. As a result of our representation our client received a favorable non-enforcement action letter from the U.S. Department of Labor Voluntary Fiduciary Correction Program filing.