The Department of Labor has finally released the final 408(b)(2) fee disclosure regulations. As had been hoped for, the fee disclosure reporting deadline for vendors to plan sponsors, discussed previously in our blog, has been extended from April 12, 2012 to July 1, 2012.
The final regulation can be viewed here: http://www.dol.gov/ebsa/pdf/2012-02262-PI1.pdf
There are two sets of fee disclosure regulations that were issued by the U.S. Department of Labor Employee Benefits Security Administration (EBSA) in 2010. This fact, and the movement of compliance deadlines for both sets, has contributed mightily to confusion amongst plan sponsors. There are new requirements for disclosures to plan sponsors from covered service [...]
For the third year in a row, retirement plan contribution limits tied to cost of living adjustment (COLA) figures remain unchanged, the IRS has announced. This means the maximum employee deferral contribution limit for 401(k) and 403(b) plans stays at $16,500 for 2011, with “catch-up” contributions for employees over age 50 remaining at $5,500. Other [...]
