Customizing Disclosures Under New DOL Regulation

Law360, New York (November 1, 2011, 12:17 PM EDT) -- Last year, the U.S. Department of Labor issued a regulation, 29 C.F.R. § 2550.404a-5, requiring plan administrators of 401(k) and other defined contribution plans that permit participants to direct how their accounts are invested to provide, starting next year, very detailed investment and expense information.[1]

To comply, (1) a special notice must be given to existing participants no later than the effective date described below; (2) thereafter, this special notice must also be given to a participant — normally, a new participant — before he or...
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