Filed Under:Life Insurance, Life Settlements

5 Fee Disclosure Steps for Plan Sponsors (BenefitsPro)

The deadline for plan sponsors to begin disclosing fees in the 401(k) space is just around the corner. There are five ways to properly communicate, explain fees and meet participant deadlines. First, know who is providing services to the plan including a recordkeeper, advisor, lawyer or auditor. Review your fees and services, document actions and decisions and keep in your fiduciary file. Once you determine who you need to provide disclosure to, assess how to communicate with each participant and determine if you meet electronic delivery rules or will you do hard-copy mailings. The fourth step is to understand how participants are paying fees. Finally, know your deadline for participant disclosure.

Read the story.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.