The paper, “New Participant Fee Disclosure Rules: What Plan Sponsors Need to Know,” was written by ERISA expert Jamey Delaplane of Davis & Harman, LLP. It provides insight on:
- How plans and participants impacted by the new rules
- Types of information that must be disclosed (such as investment direction and options, investment fees, administrative charges, individual expenses, performance data and more)
- Special disclosure rules for certain types of investments like brokerage windows, target-date funds, annuities and company stock
- Delivery options for participant disclosures
- Required timing of disclosures
- Repercussions for failing to meet the new requirements
In October, Principal published a white paper discussing the fee disclosure rules for financial professionals (see “Principal Publishes White Paper on Fee Disclosure Guidelines“).