Investment Management

Archive for May 2012

Posted on Wednesday, May 30 2012 at 7:53 pm by

Recent Retirement Plan Fee Disclosures Now Required

The first disclosures by fiduciaries, registered investment advisers and certain other service providers to retirement plans under section 408(b)(2) of ERISA (the “408(b)(2) Disclosures”) are due on July 1, 2012. The 408(b)(2) Disclosures apply to service providers (including investment advisers) to retirement plans subject to the fiduciary provisions of ERISA, which include most 401(k) plans and pension plans, and generally require disclosures regarding services provided to, and fees payable by, retirement plans. Service providers who do not comply with the 408(b)(2) Disclosures may be subject to penalties by the Department of Labor. For more information, see the DOL’s fact sheet on the 408(b)(2) Disclosures, available here.