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HTMLDOL Proposed Regulation on 408(b)(2) “Guide” - Impact on Service Providers
Bruce L. Ashton, Bradford P. Campbell, Joan M. Neri, Fred Reish, Joshua J. Waldbeser; Drinker Biddle & Reath LLP;
Legal Alert/Article
March 24, 2014, previously published on March 20, 2014
The Department of Labor has issued its long-anticipated proposal to amend the 408(b)(2) regulation. If adopted, the proposal will require covered service providers to furnish responsible plan fiduciaries (referred to as “plan sponsors” for simplicity) with a guide to their disclosures.