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Release Date: February 1, 2008
Contact Name: Gloria Della
Phone Number: 202.693.8664
Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today released Field Assistance Bulletin (FAB) 2008-01 that provides guidance to field investigators on the responsibilities of plan fiduciaries and trustees with respect to monitoring and collecting delinquent employer and employee contributions owed to employee benefit plans governed by the Employee Retirement Income Security Act (ERISA).
The FAB was developed in response to a number of EBSA pension plan investigations that uncovered arrangements that purported to relieve all of a plan’s fiduciaries and trustees of any responsibility to monitor and collect delinquent contributions.
Today’s release of FAB 2008-01 is part of the department’s ongoing compliance assistance program to help employers, plan officials, service providers and others comply with ERISA. Field Assistance Bulletins are available on the Internet at www.dol.gov/ebsa.
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