The Department of Labor’s Employee Benefits Security Administration (EBSA) disclosed in a notice on Wednesday that is reopening the period for public comment on proposed regulatory amendments relating to enhanced disclosure concerning certain qualified plan funds.
Unveiled in November 2010, the EBSA proposal aims to improve the information that is disclosed to participants and beneficiaries concerning target date or similar funds (TDFs). The EBSA notice says the proposal would amend the DOL’s qualified investment alternative regulation (29 C.F.R., §2550.404c-5) and participant-level disclosure regulation (29 C.F.R. §2550.404a-5).
The comment for the proposal originally closed on January 14, 2011. EBSA says it has extended the deadline to 45 days after the publication of the new notice (RIN 1210-AB38) in the Federal Register.