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29 results found

Article

Faegre Baker Daniels LLP | USA | 10 Nov 2011

Department of Labor provides guidance on electronic disclosures of required fee and administrative information

Starting May 31, 2012, the Department of Labor (DOL) will require employers to give participants and beneficiaries of 401(k) and similar plans disclosures regarding participant fees, expenses, and plan administrative costs.

Article

Hodgson Russ LLP | USA | 31 Oct 2011

Agencies issue summary of benefit coverage guidance

The Department of Labor (DOL), Department of the Treasury, and Department of Health and Human Services (HHS) jointly issued proposed regulations regarding the Summary of Benefit Coverage (SBC).

Article

Barnes & Thornburg LLP | USA | 24 Oct 2011

401(k) liability on the horizon: are your plan fiduciaries protected?

Lawsuits involving investment selection and monitoring under 401(k) Plans are proliferating around the country against companies and their respective directors, officers and plan committees.

Article

Pillsbury | USA | 20 Sep 2011

Labor Department releases interim guidance on electronic delivery of fee disclosures for participant-directed plans

On September 13, 2011, the U.S. Department of Labor (“DOL”) in Technical Release 2011-03 (the “Release”) released interim guidance on how plan administrators may use electronic media to deliver the newly required fee disclosures for participant-directed plans.

Article

Ogletree Deakins | USA | 15 Sep 2011

It’s electric DOL issues guidance on electronic disclosure under participant fee disclosure regulations

Plan administrators can satisfy fiduciary requirements for disclosures concerning participant-directed individual account plans (the most common example being 401(k) plans) through the use of electronic media in certain circumstances, as described in a Technical Release issued by the U.S. Department of Labor (DOL) on September 13, 2011.

Article

Morgan Lewis | USA | 15 Sep 2011

DOL releases interim guidance on electronic delivery of participant-directed retirement plan disclosure

When it published a final rule on disclosure requirements for participant-directed retirement plans in October 2010, the U.S. Department of Labor (DOL) reserved for further guidance whether this disclosure could be delivered in electronic form.

Article

Ballard Spahr LLP | USA | 15 Sep 2011

New Department of Labor guidance on electronic disclosures

The Department of Labor has published an interim policy describing how fiduciaries may use electronic media to meet new DOL requirements, which will take effect this spring.

Article

Morgan Lewis | USA | 26 Aug 2011

New summary of benefits and coverage required for health plans in 2012

On August 22, the Departments of Treasury, Labor, and Health and Human Services (the Departments) jointly published proposed regulations on the new Summary of Benefits and Coverage (SBC) that insurers and group health plan administrators will be required to distribute beginning next year.

Article

McGuireWoods LLP | USA | 12 May 2011

DOL considers updating nearly decade-old e-delivery standards for employee benefit plan information

The U.S. Department of Labor (DOL) recently issued a request for information (RFI) concerning the use of electronic media to furnish information to participants and beneficiaries of ERISA-covered employee benefit plans.

Article

Pillsbury | USA | 1 Nov 2010

Labor Department issues final regulations on fee disclosures for participant-directed plans

On October 14, 2010, the U.S. Department of Labor released final regulations detailing a plan administrator’s fiduciary responsibilities regarding disclosure of plan and investment-related information, including fee and expense information, to participants and beneficiaries of participant-directed individual account plans such as 401(k) plans.

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