Plan Sponsors’ Misconceptions About Retirement Plan Fee Disclosure

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To me, there is no greater television show than Seinfeld because it’s timeless and there is something about each episode that reminds you of normal day life. In the reverse chronology episode set in India called “The Betrayal”, George Costanza is made at Jerry for nearly the entire episode because he found out (Elaine can’t hold her liquor) that Jerry had a relationship with the woman Jerry had introduced to him named Nina. George keeps on telling Jerry “You can stuff your sorries in a sack, mister.” Of course, Jerry said he still didn’t know what it means. Like sorries in a sack, I am convinced that retirement plan sponsors still don’t understand their responsibilities when it comes to the fee disclosure regulations. So this article is about some of the major misconceptions that plan sponsors may have concerning the fee disclosure regulations and what plan sponsors really need to know.

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Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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