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401k blackout notices new labor protection starts Jan
The Labor Department issued a rule requiring 30 days notice before a 401(k) blackout period begins for administrative charges, with fines up to 100 per day per participant for noncompliance. The regulation takes effect January 28 and targets plan administrators, while outlining worker rights and notice contents.
MENTIONED IN THIS ARTICLE
Washington
Ges
Labor Department
Congress
Ann Combs
Pension and Welfare
Securities and Exchange Commission
Bush
White House
Karen Friedman
Pension Rights Center
Enron
WorldCom
Enron Corp
Senate
House