Department of Labor Sets New Deadline for FY 2005 LM-10 Reports and Provides Further Guidance for First-Time Filers

DOL Extends FY 2005 LM-10 Filing Deadline

The Labor Department’s Office of Labor-Management Standards (hereafter referred to as DOL) announced on March 7th that employers will have an additional 45 days to file their Form LM-10 for fiscal year 2005. At the same time, the DOL released additional guidance in a revised and expanded FAQ format.

Other Notable DOL Form LM-10 Guidance

In response to recent inquiries from employers about the Form LM-10, as previously noted, the DOL published an expanded FAQ guidance. The new FAQ now contains 87 questions and can be found at http://www.dol.gov/esa/regs/compliance/olms/LM10_FAQ.htm. The following discussion summarizes some of the more noteworthy insights contained in the DOL’s revised guidance. This alert will only highlight some of the new Q&As; therefore, employers are encouraged to review the entire guidance on the DOL’s Web site if they still have unanswered questions about the form.