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Fact Sheet - Final Regulation Improving Workers' Access To Multiemployer Retirement Plan Information - U.s. Department Of Labor - 2010 Page 2

• A plan administrator must furnish the requested documents within 30 days from the request.

The Secretary of Labor may assess a civil penalty against any person of up to $1,000 a day for

each violation by any person of section 101(k). A plan is not required to provide more than

one copy of any document during any one 12-month period. A plan may impose a reasonable

charge on the requester to cover the cost of copying and mailing a document.

• The cost of the final rule is expected to total approximately $2.4 million in the year of

implementation (2009 dollars), $2.1 million in the second year, and $1.7 million in the third

year. The ten-year total discounted cost of the rule is $15.7 million.

Benefits of Final Regulation

• The increased transparency resulting from this regulation will provide participants,

beneficiaries, employee representatives, and contributing employers with a greater opportunity

to monitor their plans’ funding and financial status and to take appropriate action when

necessary. It also may help create a greater sense of accountability to plan participants and

beneficiaries on the part of plan officials.

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This fact sheet has been developed by the U.S. Department of Labor, Employee Benefits Security Administration,

Washington, DC 20210. It will be made available in alternate formats upon request: Voice phone: 202.693.8664; TTY:

1.202.501.3911. In addition, the information in this fact sheet constitutes a small entity compliance guide for purposes of

the Small Business Regulatory Enforcement Fairness Act of 1996.

Fact Sheet - Final Regulation Improving Workers' Access To Multiemployer Retirement Plan Information - U.s. Department Of Labor - 2010 Page 2