The SPARK Institute has created an information form that will help multivendor 403(b) plan service providers comply with the U.S. Department of Labor's participant disclosure regulations.
The "Investment Provider Information Form for Multivendor 403(b) Plan Participant Disclosure" will help investment providers and record keepers serving 403(b) plans with compliance by helping them locate the appropriate contracts at other companies so their disclosures may be coordinated, according to Larry Goldbrum, general counsel of The SPARK Institute.
The form also includes basic information about the investment provider's compliance approach and timing, he said.
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