Self Directed Brokerage Account Disclosures

[jeff77]

Try to get a feel for what other firms are doing with respect to the disclosures for SDBA. Does anyone know how some of the brokerae firms are handling the requirements under FAB 2012-2? Schwab, Fidelity ect? Also I see there is some general information about these SDBA that Plans must provide. Does anyone have a sample?

[Bird]

Considering that the DOL effectively re-wrote the rules on May 7, and considering the layers of lawyers that Fidelity and Schwab et al have, I doubt there is anything much coming from them soon. I just left a message for a Schwab rep this morning about a plan using their brokerage accounts (no response yet and none of any value really expected).

You might want to check out an ongoing thread on this same topic: http://benefitslink.com/boards/index.php?s...c=51488&hl=.