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DOL Provides More Timing Flexibility for Annual Participant Investment Disclosures
Eversheds Sutherland [Guidance Overview] Mar. 19, 2015 "In a creative use of administrative procedures, DOL provided this guidance in three forms: [1] A temporary enforcement policy, to the extent that plan administrators determine that making use of the two-month grace period benefits participants and beneficiaries; [2] A 'direct final rule,' which takes effect on June 17, 2015, unless DOL receives significant adverse comment during a 30-day comment period ending April 20, 2015, in which case the direct final rule will be withdrawn; ... and [3] A proposed rule, which will become the vehicle for considering and resolving commentary if the direct final rule is withdrawn." |
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