WASHINGTON BUREAU — The Employee Benefits Security Administration (EBSA) has pushed back the compliance deadlines for new retirement plan fee disclosure rules.
EBSA, an arm of the U.S. Labor Department, has changed the effective date for the interim final fiduciary-level fee disclosure rule to April 1, 2012, from July 16.
EBSA also has extended the effective date of the transitional rule for the final participant-level fee disclosure regulation, so that initial disclosures must be furnished to the agency no later than 60 days "after a first day of the first plan year beginning on or after November 1, 2011, or 60 days after the effective date of the fiduciary-level fee disclosure rule."
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