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ARTICLE · 30 JULY 2008

DOL Issues Proposed Regulation On Disclosure Requirements For Participant-Directed ERISA Plans

Goodwin Procter LLP
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The Department of Labor (the “DOL”) issued a proposed regulation (the “Proposed Regulation”) under Section 404(a) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), which sets forth fiduciary requirements for participant-level disclosure in participant-directed individual account plans (e.g., most so-called 401(k) plans).

United StatesFinance and Banking

Developments Of Note

  1. DOL Issues Proposed Regulation on Disclosure Requirements for Participant-Directed ERISA Plans

  2. Basel Committee, in Conjunction with IOSCO, Publishes Proposals on Capital for Incremental Risk in Trading Book and Value-at-Risk Models

  3. ICI and IDC Publish White Papers on Proxy Voting by Mutual Funds

  4. IRS Issues Private Ruling to Treat a Regulated Investment Company's Receipt of Settlement Fund Income as Qualifying Income

  5. FDIC Board Approves Final Policy Statement on Covered Bonds

  6. New York Governor Signs Law that Permits Interstate De Novo Branching

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