30-Day Notice of 401(k) Blackouts Required
USA Today (01/23/03)

The Labor Department has released a new regulation requiring businesses to issue notices of 401(k) blackout periods 30 days before the period begins. Employers and plan administrators are required to inform employees about why they are being blocked from making trades and the starting and ending dates of the blackout. Violators may be fined up to $100 per day per participant.


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