New DOL Guidance Amplifies Participant Fee Disclosure Rules

By on June 20, 2012

by Elizabeth A. Savard, Karen A. Simonsen and Lisa K. Loesel

For most defined contribution plans, initial annual fee disclosures are due to participants by August 30, 2012. In order to facilitate compliance with the new fee disclosure rules, the U.S. Department of Labor recently issued Field Assistance Bulletin 2012-02, which provides helpful commentary on 38 common disclosure questions, including disclosure of administrative expenses and brokerage window fees.

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