Employee Benefits - Preparing For The Next Retirement Plan Disclosure Deadline: New Participant Disclosures
June 26, 2012
In this issue:
Preparing For The Next Retirement Plan Disclosure Deadline:
New Participant Disclosures
With just two months left before new participant-level disclosures must be made, some plan administrators may be surprised to learn that their outside service provider(s) will not take full responsibility for providing complete and accurate disclosures. The new disclosure regulations affect plan administrators of individual account retirement plans (401(k), 403(b), profit sharing) that allow participants to make investment decisions. They generally require that employees be given, or have access to, specifically prescribed (1) investment information, (2) fee and expense information, and (3) plan information.
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