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Feb 11 2011

Extension of the Effective Date for Fee Disclosure Regulations | Employee Benefits

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On February 11, 2011, the Department of Labor announced that it will extend until January 1, 2012 the effective date for compliance with final regulations concerning disclosure of plan fees and costs to participants in defined contribution participant-directed account plans. (See related article).

The disclosure regulations were originally scheduled to apply to arrangements for retirement plan services in existence on or after July 16, 2011. If you have any questions concerning these regulations or any other issues involving employee benefit plans, please feel free to contact us.