The Department of Labor’s 2012 final rule to improve transparency of fees and expenses provides plan administrators protection from liability for the completeness and accuracy of information provided to participants as long as the plan administrator reasonably and in good faith relies upon information a service provider provided.
Editor’s Note: ERISA Tips is a feature provided with you in mind—to make the newsletter more useful to you! If you have any content for ERISA Tips or the NTSA Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the NTSA Advisor, at [email protected]
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