Novak Francella

DOL proposes changes to Form LM-2

Published October 7, 2020

The Office of Labor-Management Standards (OLMS) Department of Labor (DOL) is expected to publish a Notice of Proposed Rulemaking (NPRM) to modify the existing Form LM-2 and to establish a LM-2 Long Form (LM-2 LF).

Please follow this link for our client bulletin:

Bulletin

Copies of the draft LM-2 and LM-2 Long Form can be accessed by following these links:

Draft - LM-2

Draft - LM-2 Long Form

Please contact us for additional information

IRS Announces New Pilot “Pre-Audit” Compliance Program for Retirement Plans

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DOL Form T-1

Update: The OLMS will not seek to enforce the filing of the Form T-1 for one year from the original due date. Office of Labor-Management Standards (OLMS) published a final rule on May 30, 2019 establishing a Form T–1 Trust Annual Report which requires annual reporting by Form LM-2 filing labor organizations on financial information […]
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American Rescue Plan Act - Information for Labor Unions and Benefit Funds

On March 11, 2021 the American Rescue Plan Act became law. It makes important changes to relief available for Labor Unions and Benefit Funds. Please see our bulletin for additional information. ARPA Bulletin
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