The Department of Labor (DOL) recently announced that the deadlines for complying with new plan service provider and participant fee disclosure rules have been extended. As a result, plan administrators who were working toward a Jan. 1, 2012, implementation date will now have slightly more time to get the required disclosures from plan service providers and to make fee disclosures to plan participants.

Plan service provider fee disclosures

The deadline for retirement plan service providers to disclose certain information regarding their fees, services, and fiduciary status to plan fiduciaries is extended by three months to April 1, 2012.

Originally, the deadline for these disclosures was July 16, 2011. This date was later extended to Jan. 1, 2012. (Please see our prior advisory regarding this extension.)