Tax Facts

4145 / When must covered service providers make the 408(b)(2) disclosures required under the DOL regulations?

A service provider must deliver the required information before the agreement or contract is consummated. Provider relationships in existence on July 1, 2012 were required to deliver the appropriate disclosures by that date. That is, there is no grace period for meeting these requirements where contracts already were in place on the effective date of the regulations.1

1. Labor Reg. § 2550.408b(c)(1)(iv)(E).

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