Products June 27, 2007
CIEBA Updates DC Fee Disclosure Best Practices
The Committee on Investment of Employee Benefit Assets of the Association for Financial Professionals (CIEBA) has released an updated version of its primer, “Defined Contribution Fee Disclosure Best Practices.â€
Reported by Rebecca Moore
The revised document provides a guide for plan sponsors to use as they develop fee disclosure materials for defined contribution plan participants, according to a CIEBA press release. The primer outlines principles on fee disclosure, general guidelines, and investment-specific information for sponsors to consider.
In addition, the booklet contains sample disclosure statements for different types of plan services and investments.
The “Defined Contribution Fee Disclosure Best Practices” primer can be accessed at http://www.afponline.org/pub/cieba/primer/ciebaprimers.html.