Archived News Release — Caution: Information may be out of date.
Washington, DC - The U.S. Department of Labor’s Pension and Welfare Benefits Administration today released Field Assistance Bulletin No. 2002-2 describing circumstances under which multiemployer trustees may be acting in a settlor, rather than a fiduciary, capacity. In addition, the FAB makes clear that, consistent with earlier plan expense guidance, expenses incurred by multiemployer trustees in connection with settlor activities cannot be paid by the plan.
The FAB is part of the department’s ongoing compliance assistance program to help employers, plan officials, service providers and others voluntarily comply with the Employee Retirement Income Security Act.
Field Assistance Bulletins and other resources that are part of the compliance assistance program are available at www.dol.gov/pwba under Compliance Assistance and Laws and Regulations.
U.S. Department of Labor news releases are accessible on the Internet. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the Central Office for Assistive Services and Technology. Please specify which news release when placing your request. Call 202.693.7773 or TTY 202.693.7755.
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