Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
ESOP Valuation Writer
Unique ESOP Valuation Provider

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

Text of DOL Submission for OMB Approval: Proposed Focus Groups for Evaluating the Effectiveness of ERISA Section 408(b)(2) Disclosure Requirements
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Official Guidance]
Dec. 8, 2014
"[This information collection request (ICR) seeks] authority for focus groups to be used for evaluating the effectiveness of [ERISA] section 408(b)(2) disclosure requirements.... This ICR is designed to explore current practices and effects of a final regulation published in the Federal Register on February 3, 2012, to implement section 408(b)(2) and to gather information about the need for a guide, summary, or similar tool to help a responsible plan fiduciary navigate through and understand the disclosures. The EBSA intends to use information collected from the focus groups: [1] To assess responsible plan fiduciaries' experience in receiving the disclosures the 408(b)(2) regulations require; [2] to assess the effectiveness of the disclosures in helping plan fiduciaries make decisions; [3] to determine how well plan fiduciaries understand the disclosures, especially in the small plan marketplace (100 participants or less); and [4] to evaluate whether, and how, a guide, summary, or similar tool would help a fiduciary understand the disclosures. The focus group results will be used to inform and support a notice of final rulemaking for the guide requirement." [Updated Supporting Statements, Supplementary Documents, and previously filed Comment Letters are also available.]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.