The Form 5500 Annual Report is the primary source of information about the operations, funding and investments of approximately 800,000 retirement and welfare benefit plans. The Employee Retirement Income Security Act (ERISA) Filing Acceptance System (EFAST2) is owned by the DOL’s Employee Benefits Security Administration (EBSA) and developed and operated by a private contractor. The ..
Material Review Board (MRB) – A board consisting of authorized Supplier Quality and Engineering members necessary to review, evaluate and determine the proper disposition of nonconforming material referred to it. The Materials Review Board (MRB) usually comprises a cross section of functions that would have been involved in design reviews had design and engineering been ..
Under the Department of Labor regulations, a fiduciary may satisfy the ERISA prudence requirements by giving “appropriate consideration” to the facts and circumstances that, given the scope of the fiduciary’s investment duties, the fiduciary knows or should know are relevant to the particular investment or investment course of action involved, including the role it plays ..