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Q&A with Fred Reish on Impact of Mandated Fee Disclosure, Otherwise Known as ERISA Section 408(b)(2)
Fixing the 401(k) 
Jan. 12, 2009 Excerpt: Here's an email interview with Fred Reish, one of the country's leading ERISA attorneys and an expert on fiduciary responsibility.... Fred has graciously agreed to provide his thoughts on the upcoming 408(b)(2) regulation which mandates the disclosure of compensation and conflicts of interest by retirement plan service providers to plan fiduciaries. The regulation was first proposed by the Department of Labor (DOL) in late 2007 as a way to increase the transparency of retirement plans and to shift the burden of disclosure to service providers. ERISA requires that fiduciaries determine whether plan expenses are 'reasonable' in light of the services being provided. MORE >> |
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