[Federal Register Volume 80, Number 53 (Thursday, March 19, 2015)]
[Proposed Rules]
[Page 14334]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-06210]



Employee Benefits Security Administration

29 CFR Part 2550

RIN 1210-AB68

Fiduciary Requirements for Disclosure in Participant-Directed 
Individual Account Plans--Timing of Annual Disclosure

AGENCY: Employee Benefits Security Administration, Department of Labor.

ACTION: Proposed rule.


SUMMARY: This document proposes to amend the Department of Labor's 
``participant-level fee disclosure'' regulation by making a technical 
adjustment to an annual timing requirement. In the ``Rules and 
Regulations'' section of this issue of the Federal Register, we are 
making this same amendment as a direct final rule. If we receive no 
significant adverse comment, the direct final rule will go into effect 
and we will not take further action on this proposed rule. If, however, 
we receive significant adverse comment, we will withdraw the direct 
final rule and it will not take effect. In that case, we will address 
all public comments in a subsequent final rule based on this proposed 
rule. We will not institute a second comment period on this rule. Any 
parties interested in commenting must do so during this comment period.

DATES: Comments must be received on or before April 20, 2015.

ADDRESSES: You may submit comments, identified by RIN 1210-AB68 
(Fiduciary Requirements for Disclosure in Participant-Directed 
Individual Account Plans--Timing of Annual Disclosure), by one of the 
following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include RIN 1210-AB68 in the subject 
line of the message.
     Mail or Hand Delivery: Office of Regulations and 
Interpretations, Employee Benefits Security Administration, Room N-
5655, U.S. Department of Labor, 200 Constitution Avenue NW., 
Washington, DC 20210.
    Instructions: All submissions received must include the agency name 
and Regulation Identifier Number (RIN) for this rulemaking. Comments 
received by the Department of Labor will be posted without change to 
http://www.regulations.gov and http://www.dol.gov/ebsa, and made 
available for public inspection at the Public Disclosure Room, N-1513, 
Employee Benefits Security Administration, 200 Constitution Avenue NW., 
Washington, DC 20210, including any personal information provided. 
Warning: Do not include any personally identifiable information (such 
as name, address, or other contact information) or other confidential 
business information that you do not want publicly disclosed. All 
comments may be posted on the Internet and can be retrieved by most 
Internet search engines. No deletions, modifications, or redactions 
will be made to the comments received, as they are public records. 
Comments may be submitted anonymously. Persons submitting comments 
electronically are encouraged not to submit paper copies.

FOR FURTHER INFORMATION CONTACT: Eric A. Raps, Office of Regulations 
and Interpretations, Employee Benefits Security Administration, (202) 
693-8532. This is not a toll-free number.

SUPPLEMENTARY INFORMATION: In the ``Rules and Regulations'' section of 
today's Federal Register, the Department of Labor published a direct 
final rule that amends the definition of the term ``at least annually 
thereafter'' contained in 29 CFR 2550.404a-5(h)(1) by substituting the 
term ``14-month period'' for the term ``12-month period.'' This Federal 
Register notice incorporates by reference and proposes the same 
amendment contained in the direct final rule. Please refer to the 
preamble and the regulatory text of the direct final rule for details, 
including information and analyses under applicable Executive Orders, 
the Regulatory Flexibility Act, Paperwork Reduction Act, and Unfunded 
Mandates Reform Act.

    Signed at Washington, DC, this 12th day of March 2015.
Phyllis C. Borzi,
Assistant Secretary, Employee Benefits Security Administration, U.S. 
Department of Labor.
[FR Doc. 2015-06210 Filed 3-18-15; 8:45 am]