Wrangle Blog
Will the SAR Be Terminated?
Could 2018 bring change for ERISA mandated disclosures such as the SAR? Yes, if the EBSA Advisory Council recommendations to the heads of the DOL are implemented....
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The Form 5500’s “Get Out of Jail Free Card”
There are not too many true “Get Out of Jail Free Cards,” found in ERISA particularly when the mandates are tied to both the IRS and DOL. The Form 5500 has a true legitimate one - it is called the extension and is applied by mailing out to the...
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The Four Key Stumbling Blocks on Reporting and Disclosure
Clients hold Brokers accountable for keeping them abreast of their ERISA Compliance responsibilities. It's become a daunting task for brokers to keep track of every minute detail for their clients. To help steer away from mistakes, we've become adept at avoiding these 4 key stumbling blocks to successful reporting...
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Prospecting with the DOL Penalty Data
The EBSA Plan Administration of the DOL, the enforcers of the 5500 filings rulings, take their job seriously. In 2016, the it ran 2,002 civil investigations with 67% of the cases resulting in a DOL penalty.1 Why would you want to know this? Because if you learn from the companies...
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9 Form 5500 Errors that Might Lead to a DOL Audit
“NO!” This is the answer that we often encounter when we advise making a form 5500 filing amendment. Many fear that sending an amended filing will lead to a DOL audit. In fact, the opposite typically true. In most cases, leaving a glaring mistake in place could very well lead...
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EBSA’s Debate on the Fate for the SAR, SPD and Annual Notices
EBSA’s Advisory Council Meetings Overview The EBSA Advisory Council meetings in June and August 2017 discussed the fate of three key ERISA mandated disclosures: The Summary Annual Report (SAR), The Summary Plan Description (SPD) The numerous annual and event-based notices Goals for November Presentation The goal of June’s meeting was...
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