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Impact of Fee Disclosure on 403(b)s
PLANSPONSOR
[Guidance Overview] Nov. 30, 2010
Excerpt: In a Webinar, ... Bob Toth, Principal at the Robert J. Toth, Jr. Law Offices, reminded attendees that the DoL has completed its three pronged approach to fee disclosure: 408(b)(2) service provider disclosure of fees to responsible 403b fiduciary in order to be reasonable compensation; 404(a) fiduciary requirement disclosure to plan participants; and Schedule C of Form 5500 disclosure of fees paid to providers. He noted that only ERISA-governed 403(b)s are subject to the rules.
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