HR Management & Compliance

E-Alerts: Pension Reform: Blackout Period Rules Finalized

The U.S. Labor Department’s Employee Benefits Security Administration (formerly the Pension and Welfare Benefits Administration) has finalized rules for implementing a new federal law requiring 401(k) plans to give workers 30-day advance notice of blackout periods during which they can’t make transactions. The rules took effect on January 26, 2003.

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