Stay informed and ready to meet both everyday challenges and long-term planning and policy-making goals, with focused news, practical information, and strategic insights on all HR-related...
Nov. 10 — Multiple-employer plans must add a new attachment to their annual Form 5500 filings to include a list of participating employers and a good faith estimate of the percentage of total contributions made by each employer during the plan year, the Department of Labor said Nov. 10 in interim final regulations (RIN 1210-AB66).
The requirements are effective immediately.
The changes apply to the Form 5500, Annual Return/Report of Employee Benefit Plan, and the Form 5500-SF, Annual Return/Report of Small Employee Benefit Plan, to implement changes required by the Cooperative and Small Employer Charity Pension Flexibility Act (H.R. 4275) enacted April 7, the DOL said.
The measure established the new reporting requirements for MEPs for plan years beginning after Dec. 31, 2013, by adding Section 103(g) to Title I of the Employee Retirement Income Security Act.
The new attachment, titled “Multiple-Employer Plan Participating Employer Information,” supplements and doesn't replace other Form 5500 filing requirements that apply to MEPs, the department said.
The regulations were published in the Nov. 10 Federal Register (79 Fed. Reg. 66,617).
The Labor Department separately released an information collection request related to the interim final rule, in which the department asked for input on the hour burden required to implement the annual reporting changes for MEPs. It also was published in the Nov. 10 Federal Register (79 Fed. Reg. 66,741). Comments are due by Jan. 9.
Text of the interim final rule is available at http://op.bna.com/dlrcases.nsf/r?Open=pqun-9qqqzq.
Text of the information collection request is available at http://op.bna.com/dlrcases.nsf/r?Open=kpin-9qr3by.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)