Alert July 22, 2008

DOL Issues Proposed Regulation on Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans

The DOL issued a proposed regulation intended to address fiduciary requirements regarding  disclosure of certain plan and investment-related information, such as fee and expense information, to participants who have been allocated investment responsibility under ERISA individual account plans (including so-called Section 404(c) plans).  More detailed coverage of the proposed regulation will appear in a future edition of the Alert.