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Website Enables Fiduciaries to Notify DOL of Deficiencies in Service-Provider Fee Disclosures
McGuireWoods Link to more items from this source
Nov. 12, 2012

"The website of the Department of Labor ... now offers a way for benefit plan fiduciaries to notify the DOL online of any covered service provider's failure to satisfy the fee disclosure requirements of the DOL's regulations under Section 408(b)(2) of ERISA. Such notification is one of the steps a fiduciary must take in the event of such a failure, in order to avoid engaging in a prohibited transaction by continuing to use such a provider's services."

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