As the deadline closes in on new participant fee disclosure regulations put in place by the Department of Labor (DOL) for retirement plans, employers (i.e. plan fiduciaries) face intense pressure to justify that plan fees are reasonable and that conflicts of interest are eliminated.

Consider this – missteps in compliance with these new provisions could result in a prohibited transaction leaving you, the employer, legally liable. These new disclosure regulations for retirement plans are not only confusing, but there is a great deal of responsibility being placed on employers to comply with them. If all this leave you scratching your head, click here for an executive summary. If you prefer, you can contact Chad O’Connell AIF^®, QPFC, Investment Advisor to discuss.