DOL Delays New ERISA Fee Disclosure Rules

Law360, New York (July 14, 2011, 4:25 PM EDT) -- The U.S. Department of Labor said Wednesday it will postpone new regulations requiring employers and benefits plan providers to give workers and fiduciaries additional information about fees associated with retirement plans, allowing parties some breathing room to comply with the stricter measure.

The DOL's Employee Benefits Security Administration introduced two new measures in 2010 that expand the disclosures that employers and retirement plan providers must make under the Employee Retirement Income Security Act.

The first, released last July, requires ERISA plan providers to give fiduciaries comprehensive...
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