Utility of Public Disclosure of Forms 300 and 301 to be Reevaluated

The Department of Labor has announced that it has reevaluated the utility of gathering electronic data under Forms 300 and 301, and in a public comment request has sought input on the employee’s privacy rights including risks posed by exposing personal employee information in a FOIA request. The comment period will remain open through September 28, 2018. Regardless of what if any amendments will occur to this rule, it will be a good time to review your company’s existing reporting processes.