Participant-Directed Plan Investment Disclosures Will Satisfy Rule 482 Under the Securities Act | Practical Law
On October 27, 2011, the Department of Labor (DOL) released a no-action letter from the SEC. The letter provides that the disclosure of investment-related information to participants and beneficiaries in participant-directed defined contribution plans, as required by the DOL's participant-level fee disclosure regulation, will satisfy the requirements of Rule 482 under the Securities Act of 1933.