The problem with DFVCP
By EsqSocial Corporation 28/01/21
When a plan sponsor has a late Form 5500 to file, one of the great things out there is the Delinquent Filer Voluntary Compliance Program (DFVCP). It gives the plan sponsor the opportunity to pay reduced civil penalties for voluntarily complying with the annual reporting requirements. The problem with the DFVCP is that it still doesn’t mean the end of the hassle of a late Form 5500....
By: Ary Rosenbaum