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DOL Service Provider Disclosure Regs: A New and Improved (?) Way of Doing Business
Patterson Belknap Webb & Tyler LLP
[Guidance Overview] Aug. 21, 2008
Excerpt: The proposed regulations are intended to introduce transparency to service providers' fees and potential conflicts of interest, so as to provide plan fiduciaries with sufficient information to be able to make informed decisions about services and costs, and will require major changes in how service providers operate as well as impact employers who contract for those services. The regulations would take effect 90 days after publication of the final regulations.
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