DOL Proposed Regulations/DOL News – 2007 Index

DOL Proposed Regulations

The purpose of DOL proposed regulations is "to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules."

DOL Proposed Regulation – Civil Penalties Under ERISA Section 502(c)(4) (Dec 19, 2007)
This proposed rule is for assessing civil penalties against plan administrators who fail to disclose certain documents to participants, beneficiaries and others as required by the Employee Retirement Income Security Act, as amended by the Pension Protection Act (PPA).
LINKS: [HTML] [PDF] [News Release]

DOL Proposed Regulation - Reasonable Contract or Arrangement Under Section 408(b)(2)--Fee Disclosure (Dec 13, 2007)
This proposed rule will enhance disclosure to fiduciaries of 401(k) and other employee benefit plans to assist them in determining the reasonableness of compensation paid to plan service providers and conflicts of interest that may affect a service provider's performance under a service contract or arrangement.
LINKS: [HTML] [PDF] [News Release] [Fact Sheet] DOL Notice [HTML] DOL Notice [PDF]

DOL Proposed Regulation - Multi-Employer Pension Plan Information Made Available on Request (Sep 14, 2007)
This proposed rule provides guidance giving participants in multiemployer pension plans, their union representatives and contributing employers the right to request and receive copies of certain actuarial, financial and other funding-related documents from their plans. The new disclosure rules implement provisions of the Pension Protection Act of 2006 (PPA).
LINKS: [HTML] [PDF] [News Release] [Comments]

DOL Proposed Regulation - Selection of Annuity Providers for Individual Account Plans (Sep 12, 2007)
This proposed rule provides guidance, in the form of a safe harbor, for the selection of annuity providers by fiduciaries for benefit distributions from individual account plans, such as 401(k) plans.
LINKS: [HTML] [PDF] [News Release]

DOL Proposed Regulation - Amendments to Civil Penalties Under ERISA Section 502(c)(7) (Aug 10, 2007)
This proposed rule is a companion to the direct final rule the civil penalty regulation to reflect recent amendments by the Pension Protection Act of 2006.
LINKS: [HTML] [PDF] [News Release]

DOL Proposed Regulation - Fee and Expense Disclosures to Participants in Individual Account Plans (Apr 25, 2007)
This is a "request for information" (RFI) to assist the department in improving information provided to an estimated 41 million participants about administrative and investment fees and expenses charged to 401(k)-type plans.
LINKS: [HTML] [PDF] [News Release]
EBSA Testimony Before House Committee on Education & Labor

DOL News

The purpose of DOL News is to provide links to DOL related news that is not in the format of a DOL final regulation, DOL proposed regulation, or a DOL field assistance bulletin.

DOL Offers Online DFVCP Penalty Calculator
LINKS: [HTML] [News Release]

DOL Releases Advance Copies of 2007 Form 5500
LINKS: [HTML] [News Release]

DOL Launches Interactive Web Tool to Help Employers Comply with Retirement Laws
LINKS: [HTML] [News Release]