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Compliance November 20, 2003
EBSA Release ERISA Reporting Guide
November 20, 2003 (PLANSPONSOR.com) - The Employee
Benefits Security Administration (EBSA) has released a guide
to assist employers, plan sponsors and service providers in
meeting their reporting and disclosure obligations under the
Employee Retirement Income Security Act (ERISA).
Reported by Eric Hazard
Prepared with the assistance of the Pension Benefit Guaranty Corporation (PBGC), the Reporting and Disclosure Guide for Employee Benefit Plans provides information and overview charts on basic ERISA disclosures that retirement, group health and other welfare benefit plans must furnish to participants and beneficiaries; PBGC reporting and disclosure requirements for single-employer defined benefit pension plans, and annual reporting requirements for the Form 5500 and Form M-1, according to a news release.
In addition, this year’s guide contains information on group health plan disclosure requirements under Part 7 of ERISA and the new blackout period notice, which requires 401(k) and other individual account pension plans to provide advance notice when participants’ rights are suspended for direct investments, loans or distributions.
The guide also provides a list of EBSA and PBGC resources, including the agencies’ Internet sites that containing laws, regulations and other guidance relating to ERISA’s reporting and disclosure requirements. The publication is available by calling (866) 444-3272 or at www.dol.gov/ebsa under Publications.