On October 14, 2010, the U.S. Department of Labor (DOL) released final regulations regarding the disclosure requirements for Internal Revenue Code Section 401(k) plans. The regulations expand the disclosure a plan administrator must provide about retirement plan fees and expenses under the Employee Retirement Income Security Act of 1974 (ERISA). The regulations also create a uniform disclosure regime for all participant-directed 401(k) plans, regardless of whether a plan is covered by Section 404(c) of ERISA.
The final regulations apply to plan years beginning on or after November 1, 2011, including calendar-year plans beginning on
January 1, 2012.
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