Form 5500 Proposed Changes

The US Department of Labor’s Employee Benefits Security Administration (EBSA) issued a “Proposed Revision of Annual Information Returns/Reports” that would make changes to the Form 5500. If adopted, the proposed changes will be effective for plan years beginning on or...

DOL Penalties Increase

In 2015, Congress passed the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the “Inflation Adjustment Act”) to direct federal agencies to adjust the civil monetary penalties for inflation every year. Civil penalties ensure compliance with...