Apr 01
Feb 17
The Department of Labor (DOL) recently sent formal Notice of Rejection (NOR) letters to approximately 370 plan administrators of large plans (based on plan asset size) that failed to attach an audit report to their 2008 Form 5500. The DOL anticipates sending additional NOR letters to smaller plans in the future for missing audit report. These large plans were determined based on the size of their assets in the plan. The DOL anticipates sending a second wave of letters in the near term to the next tier plans based on the size of assets in the plan.
Nov 20
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