"While ERISA fiduciaries will welcome this news, the relief offered by the revised bulletin is limited in some respects. For example, all participant-directed investments under defined contribution plans, including brokerage windows and similar arrangements, remain subject to plan-related disclosure requirements, such as the requirement to provide participants with information about administrative fees and expenses. Moreover, the bulletin suggests that ERISA fiduciaries retain additional obligations concerning investments under a brokerage window or similar offering that the DOL intends to define by working with the benefits community to establish 'a practical and cost-effective' approach."  MORE >>