TITLE

Additional Changes Could Improve Employee Benefit Plan Financial Reporting

PUB. DATE
December 2009
SOURCE
GAO Reports;12/7/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article presents a report released by the Government Accountability Office (GAO) of U.S. to address confusion over the new reporting requirements for Schedule C of the Form 5500 and over how plan expenses are defined by the U.S. Department of Labor. As stated the form emphasizes on reporting the indirect compensation paid to service providers and between service providers. GAO recommends to provide additional guidance and require all indirect compensation be disclosed.
ACCESSION #
48638215

 

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