Articles for: fee disclosure
Why must a service provider disclose fees to plan sponsors in advance of providing the services under the ERISA §408(b)(2) regulations?
ERISA frowns on payments between a plan and someone who has an interest in the plan’s operation (called an interested party). A service provider is an interested party under ERISA, [...]
Key words: 408(b)(2),ERISA,fee disclosure
Initial Fee Disclosures are Completed – Now What?
Now that plan sponsors have received the required fee disclosures under ERISA Section 408(b)(2) and have distributed to participants their fee disclosures under ERISA Section 404(a)(5), the question now is [...]
Key words: fee disclosure
Who must make participant fee disclosures under ERISA §404(a)(5)?
Disclosure is the responsibility of the plan administrator as defined in the plan document. Absent a designation of someone as the plan administrator, the employer shall be the plan administrator. [...]
Key words: 404a5 regs,fee disclosure,participant fee disclosure
Annual Participant Fee Disclosure Deadline on the Horizon
The August 30, 2012 deadline for the annual disclosures under the final regulations for participant fee disclosure is rapidly approaching. The Regulations will only apply if a plan is a [...]
Key words: Defined Contribution,direct investments,fee disclosure
What plans are subject to the ERISA §408(b)(2) plan sponsor fee disclosure regulations?
All ERISA retirement plans, (for example tax-qualified retirement plans) other than SEP IRAs and SIMPLE IRAs are subject to these fee disclosure rules. Non-ERISA plans (e.g. IRAs, church plans, governmental [...]
Key words: 408b2 regs,ERISA,fee disclosure,retirement plans