EmployerLINC Webinar: Are you ready for fee disclosure?

The U.S. Department of Labor’s fee disclosure regulations which take effect in 2012 under the Employee Retirement Income Security Act (ERISA) significantly impacts both retirement plan sponsors and service providers. Sponsors of retirement plans will be subject to an extensive set of changes which will require them to be substantially more proactive and diligent in fulfilling their fiduciary responsibilities.

The new regulations, which are designed to improve transparency by requiring service providers and employers to disclose specific information about plan and investment costs, involve two levels of disclosures – a fiduciary level in which service providers must disclose information to plan sponsors, and a participant level in which plan sponsors must disclose information to plan participants. The first of these deadlines goes into effect April 1. Is your company ready? 

In this one-hour webinar, employee benefits attorneys Bill Freudenrich and Jim Prince will join attorney-moderator Richard Nix to discuss what these new fee disclosure regulations mean for employer-sponsors of plans, help employers strategically prepare for the upcoming spring deadlines and assist them in avoiding the penalties and liabilities associated with noncompliance.

Topics covered include:

  • Which plans are covered by the new regulations
  • Deadlines for making fiduciary level and participant disclosures
  • Who is responsible for the disclosures
  • How to correct a failure to disclose
  • Distinguishing between direct and indirect compensation
  • Determining who must receive the participant disclosures
  • How and when the plan must disclose changes

Join us for the LIVE BROADCAST on Wednesday, February 1, 2012, from noon to 1pm CDT. There is no cost to participate. Please register at the link below to receive access information for the live broadcast as well as to sign up for HRCI credit, if interested. Registration closes at NOON on Tuesday, January 31st.

This program has been submitted for 1.0 (General) recertification credit hour toward PHR, SPHR and GPHR recertification through the HR Certification Institute. Pre-registration is required to receive HRCI credit for this webinar. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.