Plan Fiduciaries Get an Assist from the DOL
Since 2012, covered service providers (“CSPs”) such as recordkeepers and investment advisors have had to provide annual service and fee disclosures to plan fiduciaries under Section 408(b)(2) of ERISA. Plan fiduciaries cannot remain idle after receiving these disclosures — review of the disclosures is a fiduciary duty. The Department of Labor (“DOL”) requires fiduciaries to […]
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2 min read
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Tagged: 408(b)(2), DOL, fiduciary, participant level disclosures, qualified retirement plans
KH
Kevin Hogan
Former Associate