Parties in interest and prohibited transactions primer

The Employee Benefit Plan Audit Quality Center (EBPAQC) “Parties in Interest and Prohibited Transactions” primer aims to clarify the landscape of parties in interest and prohibited transactions as outlined by the Employee Retirement Income Security Act of 1974 (ERISA). As you explore the resources, including the difference between a party in interest under ERISA and a related party as defined by generally accepted accounting principles (GAAP) and the Voluntary Fiduciary Correction (VFC) Program, you’ll discover actionable insights and practical steps