• DOL Provides Relief to 403(b) Plans from Form 5500 Reporting Requirements
  • September 4, 2009 | Authors: Michael S. Sirkin; Jacob I. Friedman; Lisa Berkowitz Herrnson; Mary I. Bresnan
  • Law Firm: Proskauer Rose LLP - New York Office
  • The U.S. Department of Labor (the "DOL") recently released a Field Assistance Bulletin (FAB 2009-02) that provides much needed guidance and relief in response to concerns expressed by 403(b) plan administrators and their accountants regarding the expanded annual Form 5500 reporting requirements for 403(b) plans beginning in 2009. Prior to 2009, 403(b) plans were subject to very limited Form 5500 reporting requirements.