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Text of DOL Field Assistance Bulletin No. 2021-03: Temporary Enforcement Policy Regarding Group Health Plan Service Provider Disclosures Under ERISA Section 408(b)(2)(B)
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
[Official Guidance] Dec. 31, 2021 "[T]he Department will not treat [a covered service provider] as having failed to make required disclosures to a responsible plan fiduciary ... as long as the person made disclosures in accordance with a good faith, reasonable interpretation of ERISA section 408(b)(2)(B).... Guidance on good faith and reasonable interpretations [8 Q&As] ...The CAA does not require the Department to issue regulations under ERISA section 408(b)(2)(B), and ... the statutory provisions borrow heavily from and mirror a long-standing Department regulation governing service provider disclosures for pension plans. Accordingly, the Department does not believe that comprehensive implementing regulations are needed." MORE >> |
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