Comments to U.S. Department of Labor on the Proposed Revision of Annual Information Reports (December 5, 2016)
The Pension Rights Center submitted comments to the U.S. Department of Labor on its proposed revisions to the Form 5500, the form retirement plans use to report data to the federal government. The Center’s comments include recommendations that the Form 5500:
- Add questions concerning the default features of individual account plans;
- Clarify the definition of “active participant”;
- Address issues concerning “lost” retirement plans so-called “missing participants”; and
- Add information concerning voting rights heled in Employer Stock Ownership Plans.
Read the comments.