The much-discussed April 1 deadline for 401(k) providers to begin to comply with new fee disclosure regulations may itself be delayed by the Labor Department, as the final rule on the disclosures itself has been repeatedly delayed.

DOL officials still insist that the deadline, the precursor to the issuing of fee disclosure information to plan participants on June 1, can still be met, though they say they are sympathetic to the challenges the new rulings are created for service providers.

Plan providers say they would welcome a delay, as it would provide them more time to understand and clarify what they need to do to meet the regulations.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.