After years of discussion, the Department of Labor issued rules in July that mandate disclosure of the fees retirement plan service providers charge defined-contribution plans, like 401(k)s, and traditional defined-benefit pension plans.
The new regulations require investment management companies, record-keepers and other vendors to provide a written account of all the compensation they receive, whether it's from the plan sponsor or another party.
Donald Stone, president and co-founder of Chicago consultancy Plan Sponsor Advisors, says the disclosure rules mean plan sponsors will be getting "some interesting information, perhaps more information than they fully understand."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
