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DOL Announces Online Filing Tool for Plan Sponsors to Report Service Providers That Fail to Comply With Fee Disclosure Rule
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Sept. 17, 2012 "The U.S. Department of Labor's Employee Benefits Security Administration announced today that plan sponsors seeking fiduciary relief for a service provider's failure to comply with the department's plan-level fee disclosure rule will be able to use a new online filing system, replacing the option of electronically sending notices to a previously established email address. The online filing tool will better assist plan sponsors who file electronically by ensuring that all required information is submitted, and providing immediate confirmation that notices have been received by the department. 'The revised submission procedures should provide plan sponsors a greater level of confidence that their requests for fiduciary relief have been received and will be efficiently processed and reviewed,' said Assistant Secretary of Labor for EBSA Phyllis C. Borzi." MORE >> |
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