3 pages. "The American Benefits Council is writing to urge guidance with respect to foreign financial account reporting (Form TD F 90-22.1 (Report of Foreign financial and Financial Accounts, or FBAR), to the effect that foreign accounts held in connection with retirement plan trusts are not considered 'financial accounts' for FBAR reporting purposes. We further request clarification that executives and managers who serve as trustees, fiduciaries, investment advisors or in other management or administrative capacities with respect to retirement plan trusts are exempt from FBAR reporting requirements with respect to those activities."  MORE >>