Field Assistance Bulletin No. 2008-01 – Fiduciary Responsibility for Collection of Delinquent Contributions The DOL's Employee Benefits Security Administration (EBSA) released a Field Assistance Bulletin on the collection of delinquent contributions: "Washington – The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2008-01 that provides guidance to field investigators on the responsibilities of plan fiduciaries and trustees with respect to monitoring and collecting delinquent employer and employee contributions owed to employee benefit plans governed by the Employee Retirement Income Security Act (ERISA). The FAB was developed in response to a number of EBSA pension plan investigations that uncovered arrangements that purported to relieve all of a plan's fiduciaries and trustees of any responsibility to monitor and collect delinquent contributions." Related Links:
Friday, February 1, 2008
Field Assistance Bulletin No. 2008-01 – Fiduciary Responsibility for Collection of Delinquent Contributions
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