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DOL Issues Revised Guidance Regarding Use of Electronic Media to Satisfy Participant-Level Fee Disclosure Requirements

The Department of Labor (DOL) released Technical Release 2011-03R, which restates and clarifies the scope of previously issued Technical Release 2011-03. Technical Release 2011-03 provided guidance in the form of an interim enforcement policy regarding the use of electronic media to satisfy the fee disclosure requirements for participant-directed individual account plans with respect to disclosure of certain fee information required for participant directed investment plans and disclosures through continuous access websites for such information. Technical Release 2011-03R is available here.

The lawyers of our Employee Benefits and Executive Compensation Practice Group are readily able to assist companies on a nationwide basis with implementing sophisticated benefit plans and providing answers to their most challenging compensation issues. Additionally, our lawyers are well aware of the daily employee benefits challenges facing companies of all sizes and are capable of helping in-house lawyers and human resources personnel with the day-to-day advice and guidance necessary to properly administer employee benefits plans.

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December 2011
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