Federal Register #2026-15668

DOL Request for Comment: Disclosures in Participant Directed Individual Account Plans

This opportunity is a request for public comment from the Department of Labor (DOL), Employee Benefits Security Administration (EBSA), regarding information collection for disclosures in participant directed individual account plans. - Government Buyer: - Department of Labor (DOL) - Employee Benefits Security Administration (EBSA) - Purpose: - Seeking public input on the necessity, accuracy, and burden of information collection requirements for disclosures in participant directed individual account plans (e.g., 401(k) plans) - Requirements: - Plan fiduciaries must provide participants and beneficiaries with detailed disclosures about: - Plan administration - Investment alternatives - Administrative and individual expenses - Investment-related information - No procurement of products or services is involved - No OEMs, vendors, or specific products are mentioned - Focus is on regulatory compliance and information collection, not acquisition

Description

The Department of Labor (DOL) is submitting an information collection request sponsored by the Employee Benefits Security Administration (EBSA) to the Office of Management and Budget (OMB) for review and approval under the Paperwork Reduction Act of 1995. The collection involves disclosures required for participant directed individual account plans, such as 401(k) plans, including plan- and investment-related fee and expense information. The rule mandates that plan fiduciaries provide detailed information to participants and beneficiaries about plan administration, investment alternatives, and expenses. Public comments on this information collection request are invited until September 2, 2026.

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