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DOL Closing in on 5500 Update, Official Says
Bloomberg BNA Feb. 26, 2016
"The [DOL] is aiming to streamline and clarify the new Form 5500 and its schedules to reduce the burden that plan sponsors and practitioners have to shoulder, a DOL official said ... [T]he DOL is looking 'to align' ERISA requirements under Section 408(b)(2) that service providers disclose fees to plan fiduciaries with the requirements in that schedule. Some of the concepts such as eligible indirect compensation resulted from the attempt to avoid redundant reporting, particularly with mutual fund investments."
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