Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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DOL Releases Proposal to Improve, Modernize Form 5500 Annual Return/Report Filed by Employee Benefit Plans
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] [Guidance Overview] July 11, 2016
DOL press release. "The proposed revisions are intended to: [1] Modernize the financial statements and investment information filed about employee benefit plans. [2] Update the reporting requirements for service provider fee and expense information. [3] Enhance accessibility and usability of data filed on the forms. [4] Require reporting by all group health plans covered by Title I of ERISA. [5] Improve compliance under ERISA and the Internal Revenue Code through new questions regarding plan operations, service provider relationships, and financial management of the plan. The proposed regulations also would make improvements to the certification requirements for the limited scope audit requirements ... and allow group health plans to use the Form 5500 to satisfy certain reporting requirements in the [ACA]. The proposed changes to the DOL regulations are also needed to implement the form revisions.... Under the proposal, the form revisions would begin with the Plan Year 2019 Form 5500 series returns/reports."
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