On July 19, the Employee Benefits Security Administration of the U.S. Department of Labor issued a final rule (the Final Rule) on the applicability dates of two related disclosure requirements under Employee Retirement Income Security Act:

1.Service provider disclosure. Under amendments to regulations under Section 408(b)(2) of the ERISA, "covered service providers," including fiduciaries, investment advisers, and record keepers, must provide disclosure of direct, indirect, and related party compensation received for services performed for a pension, 401(k), or other retirement plan to a fiduciary of the plan. In addition, if requested by a plan fiduciary or administrator,, a covered service provider must provide additional information which is necessary to comply with the ERISA's reporting and disclosure requirements.

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