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Mark down May 31, 2012 in your calendar.

That’s the date by which 483,000 U.S. retirement plans must send to their participants the initial disclosures required by new Department of Labor rules under Section 404a5 of ERISA. The disclosures are required of all multi-participant 401(k) plans and ERISA 403(b) plans. DOL estimates that the rule will affect 72 million active participants who hold $3 trillion of plan assets.

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