What: In 2012, Department of Labor (DOL) rules went into effect requiring plan administrators of ERISA-covered plans with participant-directed investments to make specified disclosures of plan fee and investment information to:
Active participants (those who are actively directing their ...
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ERISA Section 404(c) Compliance Alert
Do you have a defined contribution plan that allows participant-directed investments? If so, read on.
Participants generally will be responsible for the investment results of their accounts if the applicable regulations under ERISA section 404(c) are followed. But what if a ...
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Before You Throw That Switch – Blackout Period Notice Requirements
In the wake of the Enron situation, Congress passed a law containing blackout period requirements that apply to all defined contribution retirement plans. Blackout periods (times when participants lose control over their accounts) can occur for a number of reasons, but the most common are if the ...
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Cafeteria Plans: Are You Serving “Taxic” Waste To Your Employees?
Employers may be very surprised to discover that they have a cafeteria plan and do not even know it, or that they have a cafeteria plan that improperly offers certain benefits to their employees. As a result, they are serving their employees "taxic" waste, i.e., tax heartburn, rather than the ...
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Confused by the terminology? Check our Glossary of Terms