• Department of Labor Extends Compliance Deadline for Fee Disclosure Rules
  • July 25, 2011 | Authors: Bruce B. Barth; Cynthia R. Christie; Melanie J. Hancock; Jean E. Tomasco
  • Law Firms: Robinson & Cole LLP - Hartford Office ; Robinson & Cole LLP - Sarasota Office ; Robinson & Cole LLP - Hartford Office
  • On July 13, 2011, the U.S. Department of Labor (DOL) issued a final rule delaying the effective date of the new fiduciary-level disclosure rules required under Section 408(b)(2) of ERISA until April 1, 2012. The final rule also delayed the date that initial participant-level fee disclosures must be provided under Sections 404(a) and 404(c) of ERISA, thereby aligning it with the fiduciary-level disclosure deadline.