Employment Law Information Network
Google
 
Web www.elinfonet.com
Main Navigation
Federal Law Articles
State Law Articles
HR Newsletter
HR Guidebook
HR Policy
HR Seminars
Employment Contracts
Employment Law Forums
Employment Law Blog
Employment Laws
Employee Rights
Workplace Headlines
Federal Article Feeds Federal Article Feeds
State Article Feeds State Article Feeds
Get Our FREE Daily or Weekly Newsletter!
Email:
Over 8,300 Subscribers! More Information
Article Index » employee benefits » defined benefit plans
Report Link Department of Labor Releases Final Regulations on Defined Contribution Plan Default Investment Vehicles.
Littler Mendelson, P.C. - October 29, 2007
The Department of Labor has issued final regulations that provide a safe harbor to qualified plan fiduciaries in connection with their provision of default investment alternatives to plan participants. Default investment alternatives are investments that are automatically provided by plan sponsor fiduciaries when participants who are given the opportunity to direct the investment of their defined contribution plan accounts do not make an affirmative investment election. This regulation will be applicable to 401(k) plans that use automatic enrollment for newly-eligible employees, as well as plans that do not receive an affirmative election from participants in situations such as a plan merger or transfer, elimination of an investment alternative, or replacement of a service provider. The final regulations are effective December 26, 2007.
Report Link DOL Publishes Rule Penalizing Plan Administrators For Failure to Notify Participants of Right to Diversify.
Ford & Harrison LLP - August 20, 2007
The Department of Labor (DOL) has issued both a direct final rule and a proposed rule assessing civil penalties against administrators of defined contribution plans who fail to notify plan participants of their right to sell company stock. The penalty shall not exceed $100 per day for each violation.

Articles

Found: 2 Articles

NO SUBTOPICS

Sort Articles   
  
Employment Law Seminars

Terms of Use  |  Privacy  |  Advertising  |  About  |  Contact  |  For Law Firms  |  Partners

Copyright © 2009 elinfonet.com, llc.
All Rights Reserved.

The use of this site, and the terms and conditions for our providing information, is governed by our Terms of Use, including the disclaimers contained therein. By using this site, you acknowledge that you have read the Terms of Use and that you accept and will be bound by the terms thereof.

This site is designed for lawyers concentrating in employment law and human resource professionals who specialize in employee relations.  As more fully set forth in the terms of use, the information provided on or through this site is for general information purposes; it is not a determination of your legal rights, nor your responsibilities under the law.  None of the information contained on this site is, or should be construed as, legal advice.  The information should not be relied upon for legal advice.  We are not engaged in the practice of law and no attorney-client relationship is being created.  Any information communicated to any lawyer via this site does not have the confidentiality protection of the attorney/client privilege.  If you are seeking legal advice, find a qualified lawyer in your area.  If you need help finding a lawyer, call your local, county or state bar association.

All logos and trademarks on this site are property of their respective owners.