Articles for: DOL
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
DOL Finalizes Regulations On Giving Investment Advice to Plan Participants
In October, the Department of Labor (DOL) issued finalized regulations relating to the giving of investment advice to plan participants which become effective on December 27, 2011. The regulations provide [...]
Key words: DOL,Investing
DOL Issues Interim Guidance on Electronic Delivery of Participant Fee Disclosure
New Department of Labor (DOL) guidance lets employers comply with participant fee disclosure rules electronically. Last year, the DOL issued final rules for plan administrators regarding participant fee disclosure regulations [...]
Key words: DOL,electronic disclosure,fee disclosure,participant disclosure