Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

Last week I received copies of the first new fiduciary fee disclosures required by final Department of Labor Regulations under ERISA Section 408(b) (2).  Fee disclosures were received from Fidelity Investments and Prudential Financial, providers to two client retirement plans.  The details of the required disclosures are described in my earlier July 26, 2011 and

According to the Tax Exempt and Government Entities Division of the Internal Revenue Service (IRS), one out of every four (25%) of 401(k) plans surveyed in a recent study had engaged in prohibited transactions as a result of non-compliant participant plan loans and/or real estate investments that were not valued properly.  http://www.irs.gov/pub/irs-tege/epn_2012_1.pdf

 The problems