Advisers worked hard for many months (or longer) to prepare defined contribution plan retirement plan sponsors and their participants for the onslaught of expanded fee disclosures they would receive last year under the Department of Labor’s years-in-the-making 408(b)(2) and 404(a)(5) regulations.
With lessons from that effort now becoming apparent, advisers are looking ahead to assist clients with broader challenges that have taken on greater urgency in the wake of the focus on plan fees. Those include tasks that advisers have always sought to help clients with, such as ensuring that:
