Form 5500 – Clarification of Relief Provided for Delayed Participant
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Form 5500 – Clarification of Relief Provided for Delayed Participant

6 months ago · 1 min read

FIRM MEMBER

EXCLUSIVE

The DOL staff has stated that in accordance with relief provided in EBSA Disaster Relief Notice 2020-01; Guidance and Relief for Employee Benefit Plans Due to the COVID-19 (Novel Coronavirus) Outbreak (EBPAQC Alert #453), the Department will not take enforcement action for participant payments and withholdings not made within prescribed timeframes, if the plan administrator determines the delay was caused solely on the basis of a failure attributable to the COVID-19 outbreak. In these circumstances, the amounts do not

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