Fee Disclosure Deadlines Upon Us!

by | Jul 31, 2012 | General | 0 comments

 The fee disclosure deadline is among us! Aug. 30, 2012 is the deadline for plan sponsors to disclose plan facts and investment fees to participants, including a summary of the administrative and individual expenses charged against participant accounts, under the DOL’s final rule Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans.

By Nov. 14, 2012, plan sponsors must issue the first of required quarterly statements of fees deducted from individual accounts, initially reflecting fees deducted during the third quarter.

If you have questions or concerns regarding your retirement plans, or would like more information about starting one, I encourage you to give Kristin Hershey-Smith a call at 410-375-2237. She has a new office on East Market Street in York.