Feb 1 2011
Ginger LaChapelle Presents New DOL Fee Disclosure Rule to the Albany Chapter of the New York Employee Benefits Committee | Employment Law
Author(s): Ginger LaChapelle
Tags: Albany Law | DOL | Employee Benefits | Employee Benefits Deparment | ERISA | Ginger LaChapelle | Individual Account Plans | Individual Employment | Lawyers | Legal Counsel | Litigation Law | New York Employee Benefits | New York Law | Section 404a | Syracuse Lawyers
Ginger LaChapelle, an Associate in the Employee Benefits Department, recently presented Reviewing the DOL’s Final Rule for Fee Disclosure in Participant Directed Individual Account Plans to the Albany Chapter of the New York Employee Benefits Committee. This presentation reviewed the DOL’s final rule on disclosures required for 401(k) and other participant-directed account plans.
The rule, which provides new regulations under Section 404(a) of ERISA, specifies plan-related and investment-related information that Plan Administrators, as fiduciaries, must disclose to all employees and beneficiaries participating in the plan. The new rules apply for plan years beginning on or after November 1, 2011.