Regulatory and Legislative
DOL Requests Reporting and Disclosure Information for SECURE 2.0
The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued a request for information (RFI) to solicit public input on a number of provisions of SECURE 2.0 that impact ERISA’s reporting and disclosure requirements. These provisions require either the establishment of or revision of requirements, or review and report to Congress on existing or new requirements. Applicable sections of SECURE 2.0 addressed in this RFI include
- Section 105 Pooled Employer Plans Modification
- Section 344 Report on Pooled Employer Plans
- Section 127 Emergency Savings Accounts Linked to Individual Account Plans
- Section 318 Performance Benchmarks for Asset Allocation Funds
- Section 340 Defined Contribution Plan Fee Disclosure Improvements
- Section 320 Eliminating Unnecessary Plan Requirements Related to Unenrolled Participants
- Section 338 Requirement to Provide Paper Statements in Certain Cases
- Section 341 Consolidation of Defined Contribution Plan Notices
- Section 342 Information Needed for Financial Options Risk Mitigation
- Section 343 Defined Benefit Annual Funding Notices
Comments are due within 60 days of publication in the Federal Register.
