Employers Must Hurry To Disclose Retirement Plan Fees

Law360, New York (July 2, 2012, 9:48 PM EDT) -- With the U.S. Department of Labor's new fee disclosure rules for retirement plan service providers now in effect, attorneys say employers have no time to lose in preparing to pass detailed plan information along to participants by Aug. 30 in order to avoid liability.

The rules requiring service providers to inform employers about the fees they charge most plans covered by the Employee Retirement Income Security Act for investment management, record keeping, administration and other services were finalized by the Labor Department in February and kicked...
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