New regulations for 408(b)(2) free disclosures have been on the fence this year. Though the law was set to go into effect January 1, 2012, now the Department of Labor has stated it will be making amendments, due out on April (we’ll see about that). It can take about 100 days for this to reach approval, and we won’t get a glimpse until then. However, experts speculate this will result in new disclosures, additional compliance measures, and a delay in initiating the new standards of at least a few months.
Wondering how this will affect you? Try these sources:
What the New Rule Means (pdf)
New ERISA Regulations (slideshow)
– Eric.
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About thebenefitblog
Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits,
Retirement Planning, and Executive Benefits.
Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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