Search

Final Rule: Notice of Blackout Periods for Pension Plan Participants

The Department of Labor's Pension and Welfare Benefits Administration issued a final rule requiring retirement plan administrators to provide advance notice to participants and beneficiaries before imposing blackout periods. This rule aims to enhance transparency and protect plan participants during periods when they cannot access their accounts.

Civil Penalties Under ERISA Sections 502(c)(7), (c)(2), (c)(5), and (c)(6)

The Department of Labor's Pension and Welfare Benefits Administration issued a final rule amending civil penalty provisions under ERISA sections 502(c)(7), (c)(2), (c)(5), and (c)(6). This rule establishes or modifies penalties related to violations of ERISA requirements.