DOL Issues Final Rule on Fee Disclosures

The DOL has issued a much awaited final rule on Fee Disclosures applicable to certain qualified retirement plans.  The goal of the new rule is to provide more information to plan fiduciaries as it relates to potential conflicts of interest, meet reporting and disclosure reporting requirements under ERISA, and assess the reasonableness of both indirect and direct compensation received by service providers of the Plan.

The effective date for the new rule is July 1, 2012.  For more information on who this applies to and what is covered, click the links below.

If you have any questions or would like to discuss further, please contact Michelle Buckley at (216) 241-3272 or mbuckley@meadenmoore.com