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ARTICLE · 18 JULY 2012

Employee Benefits Update - July 2012

Reinhart, Boerner, Van Deuren SC
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Plan fiduciaries should have received initial service provider fee disclosures from their retirement plans' covered service providers by July 1, 2012.

United StatesEmployment and HR
Steven Huff
Steven Huff
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SELECT COMPLIANCE DEADLINES AND REMINDERS

Plan Fiduciaries Should Have Received Service Provider Fee Disclosures by July 1, 2012

Plan fiduciaries should have received initial service provider fee disclosures from their retirement plans' covered service providers by July 1, 2012. Upon receipt of disclosures, plan fiduciaries should review the disclosures and determine whether the contract or arrangement with the service provider remains reasonable. If plan fiduciaries have not received a disclosure from a covered service provider, we recommend contacting plan counsel to discuss the specific steps a plan fiduciary must take to avoid involvement in a prohibited transaction.

New Participant Fee Disclosures Due August 30, 2012

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