Department of Labor (DOL) regulations require that a retirement plan’s participants are provided with timely and comprehensive information about their investment fees. This is fulfilled in the form of a 404(a)(5) participant fee disclosure.
Important note: A fee disclosure has to show all the fees that participants face — from custodial and recordkeeping fees to investment expenses.
Editor’s Note: ERISA Tips is a feature provided with you in mind — to make the newsletter more useful to you! If you have any content for ERISA Tips or the NTSA Advisor that you would like to contribute or suggest, please contact John Iekel, editor of the NTSA Advisor, at [email protected].
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