Enhanced Fee Disclosure by ERISA Plan Sponsors Required and New Reporting for Plan Service Providers Proposed

September 10, 2008
Under several pending and final regulations, the Department of Labor will require more and enhanced disclosure of the fees that service providers receive in connection with the services they render to certain employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) or to the prohibited transaction provisions of the Internal Revenue Code of 1986. This update examines these regulations as well as the impact they may have on ERISA plan sponsors.