Now Is The Time To Prepare Your ERISA Fee Disclosures

Law360, New York (June 7, 2013, 11:51 AM EDT) -- The Employee Retirement Income Security Act of 1974 requires participant-directed retirement plans to provide participants with in-depth disclosures of the plan’s fees, expenses and investment performance on an annual basis. The deadline for distributing this year’s annual fee disclosures is fast approaching.

Many plans have a bundled-service arrangement with a single-benefit provider, such as a mutual fund provider or insurance company, that has access to all of the necessary information and is responsible for producing and distributing the annual disclosures to plan participants.

However, for those plan administrators who have to produce...
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