Bird Posted April 26, 2019 Posted April 26, 2019 We don't do a lot of large plans so sorry if this is something we should know. But here's the situation: We've handled a MassMutual plan for quite a few years. Their fee and compensation report used to include an item for Indirect Compensation paid to the broker/dealer firm, so we would include them on the list of those receiving eligible indirect compensation. Somewhere along the line, they started to report fees paid to themselves as direct comp, and stopped showing the indirect comp paid to the B/D. We kind of shrugged our shoulders and didn't include the B/D at all on the Schedule C. So now I'm wondering if that is correct (if B/D comp isn't indirect comp I don't know what is). I have exchanged emails with our service rep and she punted to their compliance department, which means we may or may not get a response, and it may or may not be adequate. Anyone else completing things differently, or otherwise have comments? Ed Snyder
Bird Posted May 8, 2019 Author Posted May 8, 2019 Well this didn't get much attention. If anyone was wondering, the broker comp is buried in a different report in a different part of the website. Ed Snyder
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