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ARTICLE · 07 JUNE 2012

DOL Issues Field Assistance Bulletin on Participant-Level Disclosure Rules

Reed Smith
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On May 7, 2012, the Department of Labor ("DOL") issued Field Assistance Bulletin 2012 02 (the "FAB"), which consists of 38 FAQs relating to the DOL's final participant-level disclosure regulations under Section 404 of the Employee Retirement Income Security Act ("ERISA").

United StatesTax
John Martini
John Martini
Russell Boehner
Russell Boehner
Janine Connell
Janine Connell
John Cunningham
John Cunningham
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On May 7, 2012, the Department of Labor ("DOL") issued Field Assistance Bulletin 2012 02 (the "FAB"), which consists of 38 FAQs relating to the DOL's final participant-level disclosure regulations under Section 404 of the Employee Retirement Income Security Act ("ERISA").1 As indicated in our May 9, 2012 E Flash, which touched on some of the FAQs in the FAB, this alert is intended to provide a detailed discussion of the main topics addressed in the FAB.

The final participant-level disclosure regulations, published in October 2010, require plan administrators to disclose certain plan- and investment-related information to participants and beneficiaries (hereinafter referred to as "participants") in participant-directed individual account plans, such as 401(k) plans. The regulations require participants be furnished with

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