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:
- DOL Field Assistance Bulletin (FAB) 2008-01 – Fiduciary Responsibility for Collection of Delinquent Contributions [HTML]
- DOL Field Assistance Bulletin (FAB) 2008-01 – Fiduciary Responsibility for Collection of Delinquent Contributions [PFD]
- News Release
- DOL Issues Guidance on Fiduciary Responsibility for the Collection of Delinquent Plan Contributions
- DOL Explains Duty of ERISA Fiduciaries to Collect Delinquent Contributions
- Department of Labor Issues Guidance on Delinquent Contributions
- DOL Guidance: ERISA Fiduciary Responsibility to Monitor and Collect Delinquent Contributions
- Legal Alert: DOL Addresses Fiduciary Responsibility to Collect Delinquent Plan Contributions
- Responsibility for Collecting Contributions DOL FAB 2008-1
- Field Assistance Bulletin No. 2008-01 - Collection Of Delinquent Contributions
- EBSA: Responsibility for Collecting Contributions Must be Properly Assigned
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