29 CFR Part 2550 DOL Proposed Regulation - Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure The DOL announced plans to hold a hearing on DOL Proposed Regulation - Reasonable Contract or Arrangement Under Section 408(b)(2)--Fee Disclosure:
Washington — The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) will hold a public hearing March 20-21, to hear testimony about its regulatory proposal on the disclosure of service provider compensation and conflicts of interest information to employers. The hearing will take place at the department in Room S-4215 A-C, 200 Constitution Avenue, NW in Washington, DC.
The proposal, published in the December 13, 2007 Federal Register, would amend the department's regulation dealing with the provision of services to employee benefit plans. Specifically, the proposed regulation provides that contracts between plans and certain service providers must include detailed written disclosures about direct and indirect compensation that will be received by the service provider and conflicts of interest. The department also published a proposed class exemption to provide relief for employers when service providers fail to comply with the regulation's disclosure requirements.
In view of the importance of these proposals to workers and plans, the department decided to hold a public hearing. Persons wishing to testify at the hearing should submit an outline of topics to be discussed by March 10, 2008 online to e-ORI@dol.gov. Information on the hearing agenda will be posted on the EBSA's Web site at www.dol.gov/ebsa.
Related Links:
- News Release
- Agenda
Testimony Requests and Outlines - DOL Proposed Regulation - Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure (February 27, 2008) [HTML]
- DOL Proposed Regulation - Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure (February 27, 2008) [PDF]
- DOL Proposed Regulation - Reasonable Contract or Arrangement Under Section 408(b)(2)--Fee Disclosure
- DOL Notice - Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure
- Agenda and Testimony Requests and Outlines for Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure
- DOL hearing on proposed 401(k) fee disclosure regs likely to be contentious
- EBSA to Hold Hearing on Service Provider Compensation and Plan Fee Disclosure
- Benefits Groups Call for Certain Changes in EBSA's Proposed Regs on 401(k) Plan Fee Disclosure
- Changes Proposed for Pension Regulations
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