1 See Institute Memoranda to Pension Members No. 54-95 dated December 20, 1995, describing the
proposed plan asset regulation and Pension Members No. 56-95 dated December 21, 1995, describing
pension audit reform legislation introduced in the Senate.
January 18, 1996
VIA FAX
TO: PENSION COMMITTEE No. 2-96
RE: MEETING ON DOL ENFORCEMENT ACTIVITY
______________________________________________________________________________
The Institute has scheduled a meeting to discuss legal and operational issues arising
from recent Department of Labor activity.
As previously reported,1 the Department of Labor has issued a proposed regulation that
reduces the time period during which employers must deposit plan assets in trust and
introduced legislation that would repeal the limited scope audit at ERISA Section 103(a)(3)(C).
Additionally, as has been widely reported in the press, the Department has increased
enforcement activity regarding the timely deposit of plan assets, with a particular focus on the
401(k) plan market.
The meeting is scheduled for Tuesday, February 7, 1996 at 9:30 a.m. in the Institute’s
offices located at 1401 H Street, N.W. Lunch will be served following the meeting. Please
RSVP to Theresa Brice via fax (202-326-5839) if you plan to attend.
Russell G. Galer
Assistant Counsel - Pension
Attachment
ATTENDANCE RESPONSE FORM
DOL ENFORCEMENT ACTIVITY MEETING
TUESDAY, FEBRUARY 7, 1996
9:30 a.m. - 2:00 p.m.
Please fax this portion no later than Friday, February 3, 1996 to Theresa Brice
Investment Company Institute, 202-326-5839.
YES NO
____ ____ DOL ENFORCEMENT ACTIVITY MEETING - 9:30 a.m.
____ ____ LUNCH
______________________________________ or ______________________________________
COMMITTEE MEMBER’S NAME ALTERNATE’S NAME
_________________________________________________
COMPANY NAME
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