On Tuesday, HR/benefits practitioners got some free legal advice regarding their specific obligations under new Department of Labor 401(k) fee disclosure rules, which go into effect next month.
At the Society for Human Resources Law and Legislative Conference, questions abounded on the exact deadlines for the three separate disclosure regulations. The first disclosure, by service provider to plan fiduciaries, means vendors should be getting in touch with employers, according to Antoinette M. Pilzner, attorney at law firm McDonald Hopkins.