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Labor Department Wants Independent Alternatives Valuation - Could Result in Increase in Expense and Work for Plan Fiduciaries
Pensions & Investments 
Aug. 10, 2008 Excerpt: The Department of Labor's regional office in Boston is investigating how corporate pension plan fiduciaries value their alternative investments.... Pension plans often rely on the financial statements of general partners to report the value of those investments in their Form 5500 annual filings with the DOL. But in at least one letter to an unidentified pension plan, James Benages, director of the DOL's Boston regional office, contends that plan fiduciaries need to have a process in place to independently evaluate the alternative assets. MORE >> |
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