BulletinRetirement Plans Newsletter |
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| Supplement for May 21, 2009 \ Compliance \ Costs \ Administration \ Design \ Policy | ||
[Official Guidance]
DOL Defers Effective Date of Investment Advice Regs; May 22 Date Moved to November 18 (PDF)
5 pages. Excerpt: "This document delays the effective and applicability dates of final rules under [ERISA] and parallel provisions of the Internal Revenue Code . . . relating to the provision of investment advice to participants and beneficiaries in individual account plans, such as 401(k) plans, and beneficiaries of individual retirement accounts (and certain similar plans). These rules were published in the Federal Register on January 21, 2009, and were to have become effective and applicable on March 23, 2009, but were delayed until May 22, 2009 . . . . This document further delays the effective and applicability dates of these final rules from May 22, 2009, until November 18, 2009, to allow additional time for the Department to evaluate questions of law and policy concerning the rules." (Employee Benefits Security Administration, U.S. Department of Labor)
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