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DOL/EBSA | RIN: 1210-AA66 | Publication ID: Fall 1997 |
Title: ●Elimination of Filing Requirements for Summary Plan Descriptions | |
Abstract: This rulemaking will remove from the CFR certain regulations that have been superseded by amendments to title I of ERISA effected by the Taxpayer Relief Act of 1997 (PL 105-34), that eliminate the requirement for plan administrators to file summary plan descriptions (SPDs), summary material modifications (SMMs), and updated SPDs with the Department of Labor. Under the amendments, plan administrators must continue to furnish participants and beneficiaries with copies of these documents. Separate rulemaking (RIN: 1210-AA67 and 1210-AA68) will implement the Taxpayer Relief Act amendments that require plan administrators to furnish copies of SPDs and any other documents relating to the plan to the Department on request, and authorize the Secretary of labor to assess a civil penalty for failure to do so. | |
Agency: Department of Labor(DOL) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: 29 CFR 2520.104a(1) 29 CFR 2520.104a(2) 29 CFR 2520.104a(3) 29 CFR 2520.104a(4) 29 CFR 2520.104a(5) 29 CFR 2520.104a(6) 29 CFR 2520.104a(7) | |
Legal Authority: 29 USC 1024 29 USC 1135 PL 105-34, section 1503 |
Timetable:
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Additional Information: It is anticipated that this regulation will be published as a final rule pursuant to a determination of good cause within the meaning of section 553(d) of the Administrative Procedure Act, in view of the fact that the regulations being eliminated have already been superseded by section 1503 of the Taxpayer Relief Act of 1997 (PL 105-34). | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
Agency Contact: Susan M. Halliday Pension Law Specialist Department of Labor Employee Benefits Security Administration Room N5668, 200 Constitution Avenue NW, FP Building, Washington, DC 20210 Phone:202 219-7222 |