Tag: Disclosure Requirements

What do DOL’s final ‘persuader’ rules mean for employers?

By Maryland Employment Law Letter May 4, 2016 HR Hero Line

Updated: Jan 7, 2018

by Kevin C. McCormick On March 23, 2016, the U.S. Department of Labor (DOL) issued its long-awaited persuader rules, which significantly expand certain reporting requirements for employers and their attorneys. Under the Labor Management Reporting and Disclosure Act of 1959 (LMRDA), labor relations consultants hired to influence or persuade employees not to unionize are required […]

Opportunity for Employers to Give DOL Feedback on Provider Fee Disclosure

By Jane Meacham, Contributing Editor Dec 18, 2014 Benefits and Compensation

Updated: Dec 18, 2014

More than two years into the regulation’s implementation, the U.S. Department of Labor wants industry and plan sponsor comment on its regulation that requires retirement plan service providers to disclose fee information to fiduciaries. ERISA Section 408(b)(2) requires covered service providers to give fiduciaries information they need to assess the “reasonableness” of the administrators’ total compensation, […]