Updated Fee Disclosures - ERISA 408(b)(2)

by Kevin McGarry 21. June 2012 11:35
Effective July 1, 2012, there will be new ERISA 408(b)(2) disclosure rules. The regulation is intended to help plan sponsors/fiduciaries understand the administrative and investment costs being paid from their plan’s assets. Individual plan holders should have received information directly from their plan service providers (TPA’s, record keepers, etc.) that addresses this new regulation. The full article “Final Fee Disclosure Regulation Issued” can be viewed on Urish Popeck’s website.   Additionally, the newly-required annual disclosure of plan-level and investment-level fees and expenses must be provided to participants no later than Aug. 30, 2012. Please visit the Department of Labor page, which summarizes the regulation, and feel free to reach out to Urish Popeck with any questions you may have.
Categories: Advisory

Social Security Benefit Statement Mailings: A Thing of the Past?

by Rocco Romano 6. July 2011 14:41
The Social Security Administration has ceased all paper mailings of SSA earnings and future benefits, savings millions for the Federal Government to help fight the national debt. [More]
Categories: Tax