May 24, 2005

EMPLOYEE BENEFITS E-UPDATE

Department of Labor Clarifies the Reporting of Fees & Commissions on Form 5500: 

The Schedule A (Form 5500) Information You Received From Your Insurance Company May Not Be Accurate

In response to allegations that some insurance companies have been underreporting commission and fee payments to brokers and agents, the Department of Labor (DOL) has issued an advisory opinion clarifying its views regarding the current Schedule A reporting requirements.  Learn more.
This publication is intended for general information purposes only and does not and is not intended to constitute legal advice.  The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.
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