You know the feeling. You have gone through the buildup, which took place over an extended amount of time. It was such a long time; you didn’t know how you would ever live to see the day when it finally did come about. Then the anticipated day or day of reckoning (depending on what it actually was) finally arrived and then you didn’t know what to do, it was like “what’s next?” The same can be said about retirement plan fee disclosure. There has been a discussion and buildup for years as to what the duties and liability of the plan sponsor and plan providers are in conforming to the Department of Labor’s (DOL) fee disclosure regulations. So now that the age of fee disclosure for retirement plans is here, the question remains: “Now What?” So this article is what plan sponsors need to do now that fee disclosure regulations have been finally implemented.
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