Slight Amendment to Service Provider Disclosure Regulations

The amendment makes certain minor changes, such as the address to file notices when a service provider fails to provide the required disclosures.

Document Excerpt

This document revises the mailing address and web-based submission procedures for filing certain notices under the Department of Labor (Department) Employee Benefits Security Administration’s fiduciarylevel fee disclosure regulation under section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (ERISA). Responsible plan fiduciaries of employee pension benefit plans must file these notices with the Department to obtain relief from ERISA’s prohibited transaction provisions that otherwise may apply when a covered service provider to the plan fails to disclose information in accordance with the regulation’s requirements.

 

Link http://www.gpo.gov/fdsys/pkg/FR-2012-07-16/pdf/2012-17013.pdf

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