The U.S. Department of Labor’s Employee Benefits Security Administration and the U.S. Securities and Exchange Commission announced that information the EBSA requires plan administrators to give to plan participants or beneficiaries under its participant-level fee disclosure regulation will satisfy the requirements of Rule 482 under the Securities Act of 1933.

The SEC issued a “no-action” letter to resolve concerns about potential differences between the department’s participant disclosure requirements and the SEC’s rules on advertising that may apply to plan investment options.

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