Fee Disclosures Can Be Useful Tool for Plans
The Department of Labor (DOL) disclosure requirements have pulled back the curtain on fees paid to service providers by retirement plans, a white paper contends.
Tag: Fee disclosure
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DOL Issues FAQ for Participant Fee Disclosures
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) issued frequently asked questions about the requirements of new participant fee disclosure rules.
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Current Events
As a kid, I thought that summer—synonymous with vacation—meant I didn’t have to keep up with things happening outside my small universe.
The Hartford Helps Advisers with Disclosures
Practice management seminars and informational materials are among the supports The Hartford rolled out for advisers to explain 401(k)...
Financial Plan Launches 401(k) Branch
Financial Plan Inc. of Bellingham, Washington, launched a new branch of business dedicated to 401(k) plans.
Broadridge Offers Provider Fee Disclosure Solution
Broadridge Financial Solutions is offering a turnkey solution to help its clients meet the U.S. Department of Labor's (DOL) 408(b)(2) fee disclosure reporting requirements.
Majority of Plan Sponsors Ready for Participant Fee Disclosure
The Department of Labor’s (DOL) participant fee disclosure requirements go into effect August 30, and the majority of plan sponsors surveyed are ready.
Plan Value Not About Fees Only
Benchmarking services are emerging that can compare the suite of retirement plan services against costs to plans of similar size and complexity.
Borzi Announces Fee Disclosure Help for Participants
Phyllis Borzi, assistant secretary for the Employee Benefits Security Administration (EBSA), announced tools to help participants understand fee disclosures.
DOL’s Answer in Fee Disclosure Guidance ‘Surprising’
When reading Field Assistance Bulletin 2012-02, relating to participant fee disclosures, some industry experts are particularly surprised by the Department of Labor’s (DOL) response to Question 30.
408(b)(2), 404(a)5) Present Prospecting Opportunities
Preparing for fee disclosure regulations may be tedious, but there is a silver lining: 408(b)(2) and 404(a)(5) can create prospecting opportunities for plan advisers.
Plan Advisers Should Urge Sponsors to Prepare for 404(a)(5)
Plan advisers should not delay helping plan sponsors prepare for the 404(a)(5) regulation as the deadline looms.
DOL Urged to Allow Broader Use of Electronic Disclosures
A coalition of retirement plan trade associations is urging the U.S. Department of Labor (DOL) to permit broader use of electronic communications to deliver disclosures under the 408(b)(2)...
Commonwealth Partners with Fiduciary Benchmarks
Commonwealth Financial Network selected Fiduciary Benchmarks to address ERISA’s 408(b)2 fee disclosure regulations.
Tips for Preparing for 408(b)(2)
A webcast by The Spark Institute examined details of the Department of Labor’s (DoL) final 408(b)2) regulation.
408(b)(2) Poses Concerns For B/Ds, Small-Plan Advisers
Some industry experts are concerned that covered service providers will misinterpret the Department of Labor’s (DoL) 408(b)(2) regulation guidance about using ranges to estimate indirect compensation.