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ARTICLE · 18 MAY 2012

Employee Benefits Update - May 2012

Reinhart, Boerner, Van Deuren SC
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As reported in Reinhartʼs February 2012 Employee Benefits Update, the Department of Labor (DOL) issued final regulations under Employee Retirement Income Security Act of 1974 (ERISA) section 408(b)(2) for service provider fee disclosures.

United StatesEmployment and HR
Steven Huff
Steven Huff
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Service Provider Fee Disclosure Deadline

As reported in Reinhartʼs February 2012 Employee Benefits Update, the Department of Labor (DOL) issued final regulations under Employee Retirement Income Security Act of 1974 (ERISA) section 408(b)(2) for service provider fee disclosures. All covered service providers must provide their initial fee disclosures to plan fiduciaries by July 1, 2012.

REINHART COMMENT: Plan fiduciaries may want to contact their service providers at this time to determine whether they are covered service providers who must comply with this requirement.

Summary of Description of Material Modifications for Calendar-Year Plans

Plan administrators of employee pension and welfare benefit plans must provide to each participant covered under the plan and each beneficiary receiving benefits under the plan a summary description of any material modifications to the plan and changes to the summary plan description. Administrators must provide

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