The article presents the new Employee Retirement Income Security Act (ERISA) 408(b)(2) rule from the U.S. Department of Labor (DOL). It makes reference to the DOL statement in the July 16, 2010 edition of the "Federal Register" to evaluate the disclosure requirements on fee structures ...
The U.S. Department of Labor's ("DOL") final regulations (the "Final Regulations") under Section 408(b)(2) of ERISA (the "necessary services exemption") will go into effect on July 1, 2012 (the text of the Final Regulations may be accessed h...
as defined in ERISA § 3(34), except that it shall not include plans involving individual retirement accounts or individual retirement annuities described in sections 408(k) or 408(p) of the Internal Revenue Code.
A participant in the T-Mobile USA, Inc. 401(k) Retirement Savings Plan and Trust has sued FMR (Fidelity) and several of its affiliates claiming the firm engaged in prohibited transactions by charging a “secret” fee for mutual funds and engaging in self-dealing. In a statement to PLANA...
Refining Mandatory Disclosure: Statement Presented to the ERISA Advisory Council, June 6, 2017doi:10.2139/ssrn.2982433ERISAdisclosuresummary plan descriptionemployee benefit plansDesign recommendations for improving the effectiveness of ERISA-mandated disclosures reporting the contents and operation of employee ...