Additional Changes Could Improve Employee Benefit Plan Financial Reporting

December 2009
GAO Reports;12/7/2009, preceding p1
Government Document
The article presents a report released by the Government Accountability Office (GAO) of U.S. to address confusion over the new reporting requirements for Schedule C of the Form 5500 and over how plan expenses are defined by the U.S. Department of Labor. As stated the form emphasizes on reporting the indirect compensation paid to service providers and between service providers. GAO recommends to provide additional guidance and require all indirect compensation be disclosed.


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