New ERISA Rules On Retirement Plan Blackout Periods
Mondaq Business Briefing › United States Law Articles in English (2002)
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New ERISA Rules On Retirement Plan Blackout Periods
The Sarbanes-Oxley Act, enacted on July 30, 2002 (the "Act") requires each administrator of an "individual account" plan under ERISA to provide advance notice to plan participants and beneficiaries (collectively, "participants") of any "blackout" period. Advance notice of a blackout period must be given under interim final rules issued by the Department of Labor/Pension and Welfare Benefits Administration (DOL). The interim final rules are effective for blackout periods commencing on or after Jan...
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