The DOL's Employee Benefits Security Administration released additional guidance for compliance with reporting service provider fee and compensation information on the Form 5500 Annual Returns/Reports. These expanded requirements apply to plan years beginning on or after Jan. 1, 2009.
The new guidance is part of 25 FAQs to supplement FAQs published in July 2008 and to provide further guidance including the reporting of:
- Gifts, entertainment and other non-monetary compensation
- Compensation to hedge fund investment managers
- “Look-through” investment funds
- Mutual fund redemption fees
- ERISA fee recapture accounts
Click here to view the FAQs.
