On May 7, 2012, the Department of Labor (DOL) issued guidance to help plan administrators and service providers comply with the requirements of new rules 408(b)(2) and 404(a), which are designed to improve the transparency of fees and investment expenses in retirement plans.
FSI has made available several resources on the new requirements, as well as the Guidelines for Implementing the New Requirements.
The following links provide updates on the implementation of the new requirements:
ERISA Reform for Broker-Dealers & Investment Advisers: A Ten-Step Guide to Compliance
If you have questions, please contact:
The Financial Services InstituteEmail Us