Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Text of EBSA Proposed Information Collection Request for Evaluating Effectiveness of the 408(b)(2) Disclosure Requirement
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] [Official Guidance] Mar. 11, 2014 "EBSA and CEO intend to conduct approximately eight to ten focus group sessions with approximately 70 to 100 RPFs to small pension plans (those with less than 100 participants). They will be asked to provide information including the following: [1] their role with respect to their plan; [2] the number of service providers hired by the plan; [3] whether they are aware of and understand the disclosures mandated by the 408(b)(2) final regulation; [4] their experience with receiving the disclosures; [5] whether they were able to find information regarding the services that would be provided and the costs of those services; [6] whether their review of the disclosures impacted their decision-making with regard to hiring, monitoring, or retaining service providers or changing plan investment options; [7] whether their CSPs provide a guide or similar organizational tool to help find specific information within the disclosures; and [8] whether a guide to the required disclosures would be beneficial to them, and if so, how much they would be willing to pay to receive a guide." |
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