The Department of Labor announced the postponement of the new 401(k) and 408(b) Fee Disclosure Regulations effective date from April 1 to July 1, 2012. The first pertains to fee transparency and requires 401k/403b pension providers to disclose to plan sponsors the services performed and the compensation charged for the services. While the disclosure is a long time coming and a welcomed piece of information, many plan sponsors are not versed on how to effectively analyze the new data and benchmark the true cost of running a retirement plan.
The second piece of the disclosure rules is new fee and investment option information that will be provided by the plan to the plan participant. Plan sponsors will need to be prepared to explain and educate participants on the new disclosures.
Join us February 22, 2012 from 8:30 to 10:00.
Bryan Simmons, AIFA®, CRPS, a Retirement Services Consultant from David Martin Agency, Inc., will explain the new regulations and give tips to prepare for their rollout, including:
- How to interpret new plan cost reporting
- Participant disclosures – what to expect
- Options for structuring plan costs
Who Should Attend
Anyone who has responsibility for oversight and management of their 401(k ) or 403(b) plan, including those involved with evaluating pension providers and making investment selections.