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DOL Issues Requirements for Avoiding Prohibited Transactions Involving Fees Charged by Retirement Plan Service Providers
Thorp Reed & Armstrong Link to more items from this source
[Guidance Overview]
Aug. 5, 2010
Excerpt: Some consultants refer to these regulations as the long-awaited fee disclosure regulations. They are not. These regulations require fee disclosures to avoid prohibited transactions. The fee disclosure requirements that have been widely discussed in the press will be in addition to those required by these interim final regulations. They will come at a later time in the form of legislation or regulation, and will focus more on disclosures from plan fiduciaries (including plan sponsors) to participants. These regulations focus more on disclosures from plan service providers to plan fiduciaries (such as plan sponsors).

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