• Department of Labor Allows Summary Prospectus Delivery to 401(k) Plan Participants
  • September 25, 2009 | Author: Gretchen Harders
  • Law Firm: Epstein Becker & Green, P.C. - New York Office
  • Following the lead of the Securities Exchange Commission (SEC), the Department of Labor (DOL) confirmed (in Field Assistance Bulletin 2009-3, released September 8, 2009) that it will consider delivery of a Summary Prospectus that meets SEC requirements as also meeting DOL rules for delivery of investment prospectuses to plan participants. This should make compliance with DOL regulations requiring delivery of mutual fund prospectuses to plan participants easier and cheaper.