Printer Friendly Version
Release Date: September 22, 2008
Release Number: 08-1345-NAT
Contact Name: Gloria Della/Richard Manning
Phone Number: 202.693.8664/202.693.4676
Washington – The U.S. Department of
Labor’s Employee Benefits Security Administration (EBSA) today
announced new online tools to give workers access to financial
information and an improved calculator that makes it easier for
employers and plan administrators to pay online civil penalties for
delinquent filings of annual reports under the agency’s Delinquent
Filer Voluntary Compliance Program (DFVCP).
The Pension Protection Act of 2006 required the
department to post on its Web site actuarial information of pension
plans filed with the Form 5500 annual reports. The site, located at
http://www.dol.gov/ebsa/actuarialsearch.html, provides user friendly
ways for workers and plan officials to search for plan information by
such categories as plan name, employer identification number or date.
The DFVCP encourages plan administrators to file
already overdue annual reports required under the Employee Retirement
Income Security Act. Delinquent filers can avoid potentially higher
civil penalty assessments by satisfying the program’s requirements and
voluntarily paying a reduced penalty amount.
Employers and plan administrators can access the new
feature that allows them to electronically pay civil penalties at
http://www.dol.gov/ebsa/calculator/dfvcpmain.html. The calculator uses
the Department of the Treasury’s pay.gov financial management system.
Users now can accurately and simply calculate the amount of civil
penalties and pay those penalties online with a credit or debit card as
an alternative to paying by check.
This new tool is part of EBSA’s compliance
assistance program and is available nationwide. For more information on
the Delinquent Filer Voluntary Compliance Program, contact EBSA at
202.693.8360 or visit the agency’s Web site at www.dol.gov/ebsa/Newsroom/0302fact_sheet.html.
U.S. Department of Labor news releases are accessible on the
Department's Newsroom
page. The information in this news release will be made available
in alternate format (large print, Braille, audio tape or
disc) from the COAST office upon request. Please specify which news release when
placing your request at 202.693.7828 or TTY 202.693.7755. The Labor Department is committed to providing America's employers and
employees with easy access to understandable information on how to comply
with its laws and regulations. For more information, please visit the
Department's Compliance
Assistance page.
|