A Practice Note explaining the Voluntary Fiduciary Correction Program (VFCP) sponsored by the Department of Labor (DOL). The VFCP provides relief from civil liability and an exemption from excise taxes under the Internal Revenue Code (Code) to employee benefit plan fiduciaries if they voluntarily report and correct 19 specific transactions that breach their fiduciary duty under the Employee Retirement Income Security Act of 1974 (ERISA).