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The REAL Impact of 408(b)(2)

  • Broadcast in Business
Pathways to Excellence

Pathways to Excellence

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Organizations that sponsor ERISA retirement plans have long struggled with the complexities of their vendors' fee arrangements. The Department of Labor ("DOL") blames much of that struggle on an information gap that divides plan managers and vendors.

During a lengthy study prior to 2010, the DOL found that evaluations of fees charged to participants in ERISA plans was largely driven by a plan's vendors, through intricate, multi-page reports that were filled with complex industry jargon and formulas. The DOL's findings were the impetus for the expansion of the duty held by plan sponsors to conduct an analysis of their vendors' fees and to document the results.

Get Updated

The Nonprofit Executive Leadership Forum will host a special podcast on Thursday, February 11th at 12:00 PM Central.  We've invited Ron Hagan, Chairman of the Fiduciary Standards Committee at Roland|Criss, back to the Forum chair to explore with us how and why the fee disclosure law has thus failed to spark the change so many desired...to be the life preserver that retirement plan sponsors desperately need.  During this session, we will cover key trends and  reveal resources of which every CFO and Human Resource executive should be aware. You will not want to miss this!

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