• Department of Labor Issues Final ERISA Fee Disclosure Rules
  • May 25, 2012 | Authors: Richard I. Cohen; Ira H. Goldman; Kelly Smith Hathorn; Bryanne E. Kelleher
  • Law Firm: Shipman & Goodwin LLP - Hartford Office
  • Earlier this year, the Department of Labor (“DOL”) released final regulations under ERISA section 408(b)(2) setting forth the fee disclosure requirements that apply to service providers of ERISA plans. These regulations, which require certain service providers to give extensive disclosures to ERISA plan fiduciaries effective July 1, 2012, modify the interim regulations previously released by the DOL in 2010. In this alert, we will lay out the basics of the service provider disclosure requirements effective July 1, 2012, as well as how plan sponsors should utilize these disclosures.