DOL issues guidance on reporting delinquent participant contributions.

• Position: Regulatory matters - Department of Labor - Brief Article

The U.S. Department of Labor's Employee Benefits Security Administration has issued frequently asked questions and answers to provide guidance to plan administrators and accountants on complying with the requirements of the 2003 Form 5500 Annual Return/Report of Employee Benefit Plan for reporting delinquent participant contributions in the Form 5500 Schedules. The guidance is available on EBSA's Web site at www.dol.gov/ebsa/faqs/faq_compliance_5500.html#.

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...