Announcement Regarding Final Fee Disclosure Regulations

Final Service Provider Disclosure Rules Are Issued

The Department of Labor (DOL) has issued final regulations specifying required service provider fee disclosures to retirement plan fiduciaries. The purpose of the rules is to assist plan fiduciaries in determining the reasonableness of compensation paid to covered service providers and any conflict of interest that might affect a provider’s performance under a contract with the fiduciaries. The DOL’s regulations seek to help plan fiduciaries make better decisions when selecting and monitoring service providers.