• Preparing For The Next Retirement Plan Disclosure Deadline: New Participant Disclosures
  • July 4, 2012
  • Law Firm: Butzel Long A Professional Corporation - Detroit Office
  • With just two months left before new participant-level disclosures must be made, some plan administrators may be surprised to learn that their outside service provider(s) will not take full responsibility for providing complete and accurate disclosures. The new disclosure regulations affect plan administrators of individual account retirement plans (401(k), 403(b), profit sharing) that allow participants to make investment decisions. They generally require that employees be given, or have access to, specifically prescribed (1) investment information, (2) fee and expense information, and (3) plan information.