New ERISA 408(b)(2) Regulations
Mastering Detailed Requirements for Service Provider Fee Disclosures
Recording of a 110-minute CPE webinar with Q&A
This teleconference will prepare advisors to employee benefit plan administrators to comply with the Labor Department's detailed disclosure requirements on plan service provider compensation starting in 2011. Using practical scenarios, the panel will provide guidance on making complete and compliant disclosures.
- ERISA 408(b)(2) interim final regulations
- Effective date
- Which plans are covered
- Standards for covered service providers
- Which services performed must or need not be disclosed
- Standards for direct and indirect provider compensation and bundled service arrangements
- Required ongoing recordkeeping
- Closely parallel disclosures on 2009 Form 5500 Schedule C
- Direct compensation paid by plan should be reported based on plan year
- Amount or estimate of indirect compensation, or indirect compensation formula, can be based on service provider’s plan year
- Including fees or expense reimbursements charged to “investment funds”
- Complex scenarios and questions likely to be faced during completion of service provider fee disclosures
- Possible options to consider in addressing them
The panel will explore these and other important facets:
- Which plans and service providers are covered: Identifying those that must be listed in disclosures.
- Which services are covered: Making sure you don't miss any of myriad services to plans.
- What are proper disclosures and recordkeeping: Ensuring your first disclosures are complete and that ongoing recordkeeping is set up to ensure that future reports are as well.
- Schedule C: Associated decisions with direct and indirect service provider compensation, bundled and unbundled arrangements, and non-monetary compensation.
Pillsbury Winthrop Shaw Pittman
She chairs the firm's Executive Compensation & Benefits Practice and is a member of its ERISA Litigation Team, with... | Read More
She chairs the firm's Executive Compensation & Benefits Practice and is a member of its ERISA Litigation Team, with experience in all aspects of pensions, employee benefits, executive compensation and stock options. She is past chairwoman of the ABA's Taxation Section.Close
Her practice encompasses all areas of employee benefits law and executive compensation, with particular emphases on... | Read More
Her practice encompasses all areas of employee benefits law and executive compensation, with particular emphases on vendor practice; 403(b), IRA and other master/prototype products; pension/welfare and other plan investments and services; and fiduciary compliance.Close
She focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA... | Read More
She focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA fiduciary issues and pension plan investments. She regularly advises clients on compliance with ERISA's rules regarding fiduciary duties and prohibited transactions.Close
C. Todd Lacey
The (k)larity Group
He has spent more than a decade in the institutional retirement plan field and founded his firm in 2006. He is a... | Read More
He has spent more than a decade in the institutional retirement plan field and founded his firm in 2006. He is a frequent speaker at national conferences on benefit plan topics.Close