A previous post at Benefitsblog discusses DOL Advisory Opinion 2003-11A which provides that a mutual fund profile may qualify as a prospectus for purposes of section 404(c) of ERISA. I am adding the DOL Advisory Opinion to the “Recent Hot Topics” section over on the right along with the following articles discussing the opinion:
- McGuire Woods LLP: “DOL Permits Use of Simplified Prospectus for Section 404(c)”
- Seyfarth Shaw LLP: “Mutual Fund Summary May Satisfy ERISA Section 404(c)”
- EBIA Weekly: “DOL Approves Use of a Mutual Fund Profile to Comply With ERISA Section 404(c)”
- Deloitte & Touche: “DOL Says Plans Can Provide Profiles Instead of Prospectuses in Most Cases Under ERISA 404(c)”
- Faegre & Benson LLP: “Recent DOL Guidance Allows Profiles to be Provided to Participants in Lieu of Prospectuses“