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Products October 11, 2011
MetLife Issues Guide for Fiduciaries on Fee Disclosure Regs
The guide provides an overview of the upcoming Department of Labor (DoL) regulations regarding fee disclosure requirements that
service providers must provide to plan sponsors by
April 1, 2012.
Reported by PLANADVISER staff
The MetLife paper, “Fiduciary-Level Disclosures for ERISA Retirement Plans,” provides historical context and practical application of the regulation.
In the paper, ERISA plan fiduciaries can find information regarding:
- An overview of the interim final regulation
- Types of fees and expenses included in the disclosures
- Timing of the required disclosures
- Fee oversight checklist
The paper is available at http://www.metlife.com/assets/mlr/403b-resource-center/Fiduciary-Level-Disclosure-White-Paper.pdf.
MetLife issued a paper on participant-level fee disclosures in July (see “MetLife Offers Paper on Participant Fee Disclosure Rules“).