Compass
|
Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
D-Days: DOL Closes Circle On Disclosure
Warner Norcross & Judd [Guidance Overview] Feb. 23, 2012 Plan sponsors cannot simply sit back and rely on service providers for necessary disclosures. Even though service providers are subject to prohibited transaction sanctions, the plan sponsor is ultimately responsible. The class exemption for responsible plan fiduciaries applies only if the responsible fiduciary does not know of a disclosure failure and believes that the required disclosures have been made. Thus, the exemption will apply only to truly innocent plan fiduciaries who subsequently discover the failure and take the necessary steps to remedy it. |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |