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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-8921.
The U. S. Department of Labor today released draft
guidance on investment education for workers covered by retirement savings
plans, including 401(k)s.
The department released the draft, "Interpretive Bulletin
Relating to Participant Investment Education," to encourage employers and
others to give pension plan participants valuable investment education.
The objective in releasing a draft of the bulletin is to
assure it will be helpful. The draft bulletin addresses the circumstances under
which investment-related information will not constitute "investment advice"
under the Employee Retirement Income Security Act (ERISA).
The draft bulletin was developed following extensive
review of educational materials currently being provided by employers to plan
participants. It identifies a range of information and materials that can be
given to participants without constituting "investment advice" under ERISA.
The department expects to complete its work on the draft
interpretive bulletin within the next 30 days.
Copies of the exposure draft are available from the PWBA
Disclosure Room, Room N-5638, 200 Constitution Ave., N.W., Washington, D. C.
20210, telephone (202) 219-8771. The draft is also available on the Internet at
http://www.dol.gov/dol/pwba, see "What's New in PWBA."
Archived News Release--Caution:
information may be out of date.
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