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Proskauer Rose LLP | USA | 27 Oct 2010

U.S. Department of Labor issues final regulation on fiduciary requirements for participant disclosure in participant-directed individual account plans & a final amendment to the regulation under ERISA Section 404(c)

On October 14, 2010, the U.S. Department of Labor ("DOL") issued a final regulation under the Employee Retirement Income Security Act of 1974 ("ERISA") setting forth the fiduciary requirements for disclosure in participant-directed individual account plans, e.g., 401(k) plans.

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