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Investments glossary

Welfare and Pension Plans Disclosure Act (WPPDA)

The Welfare Pensions Plan and Disclosure Act (WPPDA) was a 1950s-era law that gave the U.S. Department of Labor regulatory authority over private employee benefits plans for the first time. In an effort to increase transparency, the WPPDA mandated that employers and labor unions provide plan descriptions and financial reports to the government. It was intended to make plan sponsors more accountable to participants and beneficiaries for the financial health of the plans.1

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