US Department of Labor extends comment period for joint request on retirement plan benefits information provided to workers, federal government

Summary:

The U.S. Department of Labor, along with the Department of the Treasury, IRS, and Pension Benefit Guaranty Corp., has extended the comment period for a Request for Information (RFI) regarding existing reporting and disclosure requirements for retirement plans. The extended period, which ends on May 22, 2024, allows interested parties to submit comments on the review of current requirements under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. The goal is to develop a public record in accordance with the directive in section 319 of the SECURE 2.0 Act of 2022.