DOL issues guidance on reporting delinquent participant contributions.
The 2003 Form 5500 instructions state that delinquent participant contributions reported on Line 4a should be treated as part of the supplemental schedules for purposes of reporting on the plan's financial statements by the independent auditor, and the independent auditor would express an opinion on whether the scheduled information is presented fairly in all material respects in relation to the basic financial statements taken as a whole. Questions concerning this guidance may be directed to the EBSA's EFAST Help Line at 866/463-3278, Monday through Friday from 8:00 a.m. to 8:00 p.m., Eastern Time.
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|Title Annotation:||regulatory matters; Department of Labor|
|Article Type:||Brief Article|
|Date:||Jul 1, 2004|
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