If you have such a plan, you’re required to disclose to participants and beneficiaries certain information about investments. The Department of Labor had issued rules effective August 30, 2013, to mandate that the disclosure be made at least annually (within 12 months of the previous disclosure). However, as a transition rule, it will allow the subsequent disclosure to be made within 18 months so plans can get on an annual schedule better suited to the business. Most disclosures are prepared by the financial institutions where accounts are held, but talk with your tax advisor about what action, if any, you need to take.
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