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Supplement to January 23, 2009


The following interesting link was left out of today's newsletter by mistake:

White House Executive Order Snares Fee Disclosure, Advice Regs
Excerpt: "Caught up in the order to stop processing unpublished rules are pending DOL proposed directives requiring service providers to disclose fees, compensation, and conflicts of interest to fiduciaries of 401(k) and other benefit plans . . . . DOL also released a proposed fee disclosure regulation for participant-directed individual account plans on July 23 . . . . Both were still reported to be in process at the federal Office of Management and Budget (OMB) -- which has to approve new federal rules -- but had not been published in the Federal Register by Inauguration Day." (PLANSPONSOR.com; free registration required)

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