Employee Benefits Blog

Posts tagged DOL

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Fee Disclosure Failure Notice

The Department of Labor’s final Section 408(b)(2) regulation requires fiduciaries (individuals responsible for managing the employee benefit plan) of ERISA pension benefit plans to ensure that services delivered to the plan are necessary and that the costs of the services are reasonable.

Posted Under: DOL

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Making Matching Contributions to a Section 401(a) Plan

On May 25, 2012, the Department of Labor (DOL) issued Advisory Opinion 2012-02a, which discusses Section 403(b) plans that are linked to a Section 401(a) plans in that, when an employee makes salary deferrals into the Section 403(b) plan, the employer makes a matching contributions into a Section 401(a) plan.

Posted Under: 403(b) plans, DOL, ERISA, Safe harbor