DOL Retirement Plan Fee and Expense Disclosure Compliance
Navigating New Rules for Service Providers and Plan Sponsors
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Tuesday, March 27, 2012
Recorded event now available
This CLE webinar will provide benefits counsel with an analysis of the DOL’s new fee and expense disclosure regulations for providers and disclosures to plan participants, provide best practices for compliance, and outline the obligations for both plan service providers and sponsors.
Description
The long-awaited final regulations for retirement plan provider fee and expense disclosures have been released and the compliance deadline extended until July 1, 2012. A provider who fails to comply will have its contract with the plan deemed a prohibited transaction under ERISA with adverse tax consequences.
The onus now shifts to plan sponsors to provide participants with enhanced fee disclosures by Aug. 30, 2012. Sponsors must issue reports quarterly and annually providing investment information and the fees and expenses charged by the provider and charged to participants.
Plan sponsor obligations are further complicated because they must not only ensure the provider's disclosures comply with new regulations, but they must also review the provider’s compensation structures and verify that fees and expenses are “reasonable.”
Listen as our authoritative panel of ERISA attorneys guides counsel for service providers and plan sponsors through the new fee and expense disclosure requirements and discusses best practices for compliance.
Outline
- Section 408(b)(2) fee disclosures from service providers to plan sponsors
- Section 404(a)(5) disclosures by plan sponsors to participants
- Compliance challenges and best practices
Benefits
The panel will review these and other key questions:
- What additional requirements or clarifications do the final Section 408(b)(2) regulations provide in contrast to the interim regulations?
- What are the consequences for service providers that fail to comply with the new regulations?
- What relief is available to a plan sponsor for a compliance failure of its service provider?
- How have the service provider disclosure rules and the participant-level disclosure rules been coordinated to facilitate compliance?
Faculty
Michael B. Richman,
Of Counsel
Morgan Lewis, Washington, D.C.
He practices in employee benefits and the investment management and securities areas. He principally focuses on matters under ERISA fiduciary responsibility rules, including fiduciary governance of ERISA plans, prohibited transaction issues in proposed transactions and those under government investigation, and preparing requests to DOL for prohibited transaction exemptions and advisory opinions.
Daniel R. Kleinman,
Partner
Morgan Lewis, Washington, D.C.
His practice focuses on ERISA fiduciary responsibilities and related tax, corporate and securities laws in connection with structuring and marketing investment products, including private equity and hedge funds, and financial services to employee benefit plans. He handles issues with respect to the regulation of broker-dealers and investment advisers under federal and state securities laws.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, MO, MT, TX, VT, WA.
Upon request, also available in: CO, CT*, FL, GA, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
Webinar Download (Slide Presentation with Audio) $297.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $297.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $297.00
plus $9.45 S&H
Available ten business days after the live event
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Program Materials
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Program Materials
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CLE Credit
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Customer Reviews
The seminar was understandable, fluid and thorough for the topics covered.
Susan L. Dolin, Esq.
Susan L. Dolin, P.A.
The presentation was not too long, but included a great deal of information. The speakers kept to their times and provided an opportunity for questions at the end.
Amy E. McShane
Phillips Lytle LLP
I liked the different speaker perspectives.
Gina Fama
Standard Chartered Bank
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Jessica Brown
Gibson Dunn
The program covered a fair amount of material in a short time period.
Dawn Sharff
Bradley Arant Boult Cummings LLP
Employment & ERISA Advisory Board
Partner
Littler Mendelson
Partner
Perkins Coie
Partner
Wick Phillips
Shareholder
Littler Mendelson
Shareholder
Greenberg Traurig
Partner
Gibson Dunn & Crutcher
Partner
Gladstone Michel Weisberg Willner & Sloane
Shareholder
Greenberg Traurig
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