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NAPEO Letter on Deregulation and Form 5500
NAPEO submitted a letter about DOL Form 5500 in response to the Office of Management and Budget's request for information (RFI) on unnecessary regulations. NAPEO remains very concerned with this rule that subjects the PEO industry, the employers who contract for PEO services and their employees with significant and unfounded cybersecurity and fraud risks – specifically, the rule that requires multiple employer plans to publicly report and disclose specific information on each participating employer.