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Senior Retirement Plan Analyst - DC Plans M2B Retirement Consulting LLC
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BPAS
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As reported in BenefitsLink on October 19, 2000 (see https://benefitslink.com/links/20001019-007439.html), DOL regulations on the audit requirement have changed. They still exempt certain small plans that fit within new guidelines about types of investments and how they are held, or that comply with additional bonding and disclosure requirements.
A brief DOL summary of the changes appears at https://benefitslink.com/site/pr.cgi?database_id=20247.
The full text of the changed regulations appears at https://benefitslink.com/erisaregs/2520.104-41-final.html.
See also:
Editor's note: Thanks to Ronald S. Grossman of Stoel Rives LLP for this tip! |