Feds say no deadline extension for 401(k) regs
If you thought the Department of Labor (DOL) would be swayed by recent requests to push back the deadline for compliance with the 401(k) fee disclosure regs, you’re not going to like this one bit.
Despite requests from pension industry organizations and speculation from a news organization, the DOL says it has no plans to change the compliance deadline for the fee disclosure regs.
It also said the final regulation could be issued by as early as the end of January.
A spokesman for the DOL said, “The department is sympathetic to the concerns expressed by the industry regarding the applicability dates, but has not signaled that the applicability dates will be extended.”
We’ll keep you posted.
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