Dear :

 

In October 2010, the U.S. Department of Labor (DOL) issued final regulations that require self-directed 401(k) plans to provide detailed disclosures to participants about the plan and its investments--including fee and expense information--so that participants can make informed investment decisions. For calendar year plans, the first annual disclosure to participants is due no later than August 30, 2012, and the first quarterly disclosure is due no later than November 14, 2012.

 

On February 2, 2012, the DOL issued final regulations that require covered service providers (CSPs) to disclose their compensation (direct and indirect) and certain other information to retirement plan sponsors so that sponsors can satisfy their fiduciary obligations under ERISA. The effective date of these final regulations is July 1, 2012.

 

On May 7, 2012, the DOL issued Field Assistance Bulletin 2012-02, which provides guidance on 38 of the most frequently asked questions regarding these regulations.

 

To view Field Assistance Bulletin 2012-02, click here.

 

We are delighted these regulations will finally be enforced, and believe it will provide participants a more effective investment outcome.  We have been prepared to provide these disclosures to our plan sponsors and participants, and you can view a sample of the materials by clicking here.

 

 

Have a great day.

  

 

 

Sincerely, 

Brian's sigDennis sig

 

  

 

 Align Wealth Management