DOL Delays Service Provider Rules Disclosure

On July 16, 2010, the Department of Labor (“DOL”) issued an “interim final regulation” on required disclosures for service providers to employee pension benefit plans. Under the regulation, service providers were given until July 16, 2011, to comply with the new requirements. In response to numerous requests for clarification and objections from providers, the DOL announced today, that the deadline would be extended to January 1, 2012.