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Benefit Plan Sponsors › Fee Disclosure › Disclosure Requirements

Snell & Wilmer

An Interesting Intersection: No Surprises Act Claims and the New Fee Disclosure Requirements for Group Health Plans

Snell & Wilmer on

As reported in our January 7, 2022 SW Benefits Blog “The DOL Asks and Answers Questions About the New Welfare Plan Fee Disclosure Rules,” group health plans must now comply with the ERISA Section 408(b)(2) disclosure...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The eventual effect of COVID-19 on this business

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

When fee disclosure regulations were promulgated in 2012, you could see the changes a mile away. While some chicken littles thought the sky was falling, I knew it would lead to a more competitive marketplace and there would...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

MassMutual considering selling its retirement plan business

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

According to a report from Reuters, Massachusetts Mutual Life Insurance Company (MassMutual) is exploring a sale of its retirement services division, which has about $175 billion of assets under management and administration....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

There is room for everyone

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

When fee disclosure regulations were implemented, there were a few industry chicken littles that suggested that the disclosures would be a race to zero and only the cheapest providers would win out. History has proven that...more

Poyner Spruill LLP

The End (of the Year) is Nigh - Time to Prepare

Poyner Spruill LLP on

Yet again, the end of the year is rapidly approaching! To avoid costly penalties that can arise from inadvertent errors in the year-end crush, plan sponsors should begin talking with their service providers now about what...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The profound change in the end was good

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

If you go and read through the marketplace news on 401khelpcenter.com, you see something recurring that was unfathomable 10-15 years ago,. You have an insurance company offering an open architecture platform....more

Sherman & Howard L.L.C.

DOL Provides Flexibility in Timing of Annual Participant Fee Disclosures for Retirement Plans That Provide for Participant...

Sherman & Howard L.L.C. on

On March 18, 2015, the Department of Labor (DOL) issued a direct final rule that revises the annual disclosure requirement in the participant-level fee disclosure regulations under ERISA Section 404(a). The guidance provides...more

Stinson - Benefits Notes Blog

DOL Gives Retirement Plan Sponsors of Participant Directed Retirement Plans Additional Time to Provide Employee Fee Disclosures

Stinson - Benefits Notes Blog on

U.S. Department of Labor (DOL) regulations require 401(k) plan fiduciaries to provide plan participants with a detailed disclosure statement about the plan’s designated investment alternatives, prior to initial enrollment and...more

Morgan Lewis

DOL Extends Participant Disclosure Deadline for 2013

Morgan Lewis on

Guidance provides temporary relief from the August deadline for annual disclosures by participant-directed plans. On July 22, the U.S. Department of Labor (DOL) issued Field Assistance Bulletin 2013-02 (the Bulletin),...more

Sherman & Howard L.L.C.

ERISA Participant Fee Disclosure Notice Deadline Extended (But Only a Little Bit)

Sherman & Howard L.L.C. on

On July 22, 2013, the U.S. Department of Labor (DOL) issued Field Assistance Bulletin Number 2013-02, which offers sponsors of ERISA-covered retirement plans temporary relief from the participant fee disclosure deadline...more

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