Employee Benefits: New Rules Require Notice Of Retirement Plan Blackout Periods
The U.S. Labor Department’s Pension and Welfare Benefits Administration has published rules to implement a new federal law”the Sarbanes-Oxley Act”; that, among other things, requires 401(k)-type plans to give participants 30 days’ advance notice of individual retirement plan blackout periods. The rules apply to blackout periods occurring on or after Jan. 26, 2003. We’ll explain […]