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Reed Smith LLP | USA | 19 Sep 2011

U.S. Department of Labor issues temporary electronic disclosure policy under participant fee disclosure regulations

On September 13, 2011, the Department of Labor (the "DOL") issued Technical Release 2011-03, which sets forth a temporary policy regarding the use of electronic media to satisfy the disclosure requirements with respect to certain fee and expense information that will need to be provided to participants in self-directed individual account plans (such as certain 401(k) plans).

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