Mastering the New EBSA Rules on Covered Plan Fee and Expense Reporting

Outline

1. Background on fee and expense disclosure issue
   1. Use of prospectuses
   2. Factors leading to EBSA rule proposal
2. Terms of final EBSA rule
   1. Effective date
   2. Initial disclosure to participants when they self-direct investments
   3. Annual disclosure
      1. General plan info about structure and mechanics
      2. General administrative expense info
      3. Individual expenses deductible from account
      4. Performance data
      5. Benchmarking comparisons
   4. Quarterly disclosure
      1. Dollar amounts of plan-related fees and expenses charged to or deducted from individual accounts
      2. Description of services for which charge or deduction made
   5. Presentation in chart or similar format
3. Steps to prepare now for new disclosure requirements

Benefits

The panel will analyze these and other critical topics:

• Including the correct general administrative and individual participant fee and expense information in initial, annual and quarterly reports with self-directed plans.
• Providing a description of services for which charges and deductions are made to investments and plan accounts.
• Presenting appropriate benchmarking and fee charts.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.