SELECT COMPLIANCE DEADLINES AND REMINDERS
New Participant Fee Disclosures Due August 30,
2012
Plan administrators of defined contribution plans that permit
participant direction of investments must provide a new fee
disclosure to plan participants by August 30, 2012. These
disclosures will provide participants with detailed plan expense
and investment information. For more information on these
disclosure requirements, see our articles on the final regulations
and recent FAQs in the
November 2010 and June
2012 Employee Benefits Updates.
New Summary of Benefits and Coverage Required for Open
Enrollment
Beginning with a group health plan's first open enrollment
period on or after September 23, 2012, plan sponsors are required
to issue a new summary of benefits and coverage (SBC) to
participants or beneficiaries covered under the plan. For more
information on the FAQs issued by the Department of Labor (DOL),
Health and Human Services (HHS) and the Internal
