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DOL/EBSA | RIN: 1210-AA68 | Publication ID: Fall 1997 |
Title: ●Civil Penalty for Failure to Furnish Certain Plan Documents | |
Abstract: This rulemaking will implement the enforcement aspects of amendments to title I of ERISA made by section 1503 of the Taxpayer Relief Act of 1997 (Public Law 105-34) which, while eliminating the requirement that plan administrators file summary plan descriptions (SPDs), summary material modifications (SMMs) and updated SPDs with the Department of Labor, also provided that administrators must furnish copies of any documents relating to the plan, including but not limited to SPDs, to the Department on request. In addition, the amendments authorize the Secretary of Labor to assess a civil penalty of up to $100 a day, up to a maximum of $1,000 per request, against a plan administrator who fails to furnish the requested documents on a timely basis. | |
Agency: Department of Labor(DOL) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: Not yet determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: PL 105-34, section 1503 29 USC 1135 29 USC 1132 |
Timetable:
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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 |