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)