Regulatory and Legislative

DOL Releases Form 5500 Revisions for Multiple-Employer Plans

The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued a notice with final forms revisions for Form 5500, Annual Return/Report of Employee Benefit Plan, and Form 5500-SF, Annual Return/Report of Small Employee Benefit Plan, relating to annual reporting changes for multiple-employer plans (MEPs) and pooled employer plans (PEPs). It specifically revises the Form 5500 and Form 5500-SF instructions for the 2021 reporting year for multiple-employer plans. It is effective for plan years beginning on or after January 1, 2021.

These final revisions are a follow-up to the proposed revisions released on September 15, 2021. Additional changes from the proposed revisions will be addressed in separate notices issued by EBSA at a later undetermined date.

This notice is scheduled to be published in the Federal Register on December 29, 2021. It will be reviewed, and additional details provided as warranted.

Regulatory and Legislative

ESG Final Rule Published in Federal Register

ESG Final Rule Published in Federal Register

The DOL’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights has been published in the Federal Register.