Change to Timing of Annual Disclosure Under Participant-Level Disclosure Regulations

At the same time that it is issuing the proposed change, the DOL is also issuing a change to the final regulations that will become effective in the absence of significant adverse comments to proposed change.

Document Excerpt

This direct final rule amends the Department of Labor’s “participant-level fee disclosure” regulation. The amendment makes a technical adjustment to a timing requirement in the current regulation. As amended, the regulation provides plan administrators with flexibility as to when they must furnish annual disclosures to participants and beneficiaries.

Link

https://www.federalregister.gov/articles/2015/03/19/2015-06211/fiduciary-requirements-for-disclosure-in-participant-directed-individual-account-plans-timing-of

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