The U.S. Department of Labor recently announced an extension of the effective date for new rules requiring pension plan service providers to disclose their fees to pension plan fiduciaries.
The rules were to take effect Jan. 1, 2012. The new effective date is April 1, 2012. DOL also extended the date plan administrators must provide an initial fee disclosure to all current participants and beneficiaries until the later of May 31, 2012 or 60 days after the first date of the first plan year beginning on or after Nov. 1, 2011. Read more about the rules and the extension here.