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May 11, 2009 at 08:00 PM
An arm of the U.S. Department of Labor is conducting a review of a regulation that governs treatment of employees’ retirement plan contributions.
The department discusses the efforts in the section of its latest semiannual regulatory agenda that deals with the Employee Benefits Security Administration.
EBSA will be putting the plan assets-participant contributions regulation through a the routine periodic review required by the federal Regulatory Flexibility Act, officials write in the agenda.
“The review will cover the continued need for the rule; the nature of complaints or comments received from the public concerning the rule; the complexity of the rule; the extent to which the rule overlaps, duplicates, or conflicts with other federal rules and, to the extent feasible, with state and local rules; and the extent to which technology, economic conditions, or other factors have changed in industries affected by the rule, officials write.
