Department of Labor Proposes New Disclosure Requirements For Participant–Directed Individual Account Plans


The Department of Labor (“DOL”) recently proposed regulations that would require fiduciaries of participant-directed individual account plans (e.g., a 401(k) plan) to disclose certain plan and investment-related information, including fee and expense information, to participants and beneficiaries. The proposed regulations, once finalized, would be effective for plan years beginning on or after January 1, 2009.

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