When must disclosures be made under the ERISA §404(a)(5) Regulations?
There are two disclosures required under the regulations. There is an annual disclosure requirement and a quarterly disclosure requirement.
The annual disclosure must be made at least once in any 12-month period with an initial disclosure made prior to a participant’s first investment direction. The first annual disclosure must be made by August 30, 2012.
Quarterly disclosures must be made at least once in any 3-month period and must be made no later than 45 days after the end of the quarter. The first quarterly disclosure for calendar year plans must be by November 14, 2012.
This article was last updated on August 7, 2012