The Department of Labor (DOL) on October 14, 2010, issued long-awaited final regulations requiring broad disclosures of fees, expenses, and certain other plan and investment-related information to participants and beneficiaries under participant-directed individual account plans, such as 401(k) and 403(b) plans, that are subject to the fiduciary provisions of ERISA. The new requirements do not apply to governmental and non-electing church plans, nor to IRA-based plans such as SEPs and SIMPLE plans.

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Source: Employee Benefits & Executive Compensation Alert
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