Articles for: 404c
What happens if disclosure isn’t made as required under ERISA §404(a)(5)?
The failure to disclose would be considered a breach of fiduciary duty. The DOL does not have any penalties that apply for failure to comply. However, the breach could be [...]
Key words: 404a5,404c,Disclosure,DOL,ERISA,participant fee disclosure
How does ERISA §404(a)(5) interact with ERISA §404(c)?
The regulations moved all of the disclosure requirements under 404(c) to the new disclosure requirements under 404(a) and modified some of the disclosures. The only two disclosure requirements left under [...]
Key words: 404a5 regs,404c,Disclosure