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ERISA Fee Disclosures: Best Practices for Fiduciaries (PDF)
Marcia S. Wagner, in Journal of Pension Benefits Link to more items from this source
Apr. 23, 2014
10 pages. Excerpt: "In response to intense public scrutiny and a series of lawsuits brought against plan sponsors and fiduciaries concerning the compensation paid to 401(k) service providers, the [DOL] created a three-part fee disclosure initiative aimed at greater transparency for the benefit of such plans and their participants. In addition to changes to Form 5500, Schedule C reporting, the DOL issued two final regulations: [1] a regulation on participant-level fee disclosure [DOL Reg. 2550.404a-5], and [2] a regulation on plan sponsor-level fee disclosure [DOL Reg. 2550.408b-2(c)]. It is now up to plan sponsors and participants to use the disclosure information obtained as a result of these initiatives in a manner that yields prudent and effective investment decisions."

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