Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The majority of the focus on the recent disclosure regulations issued by the U.S. Department of Labor (DOL) has been on the fees and other forms of compensation that must be disclosed to retirement plan fiduciaries and participants.

However, an important aspect of the regulations that is often overlooked is the requirement that service providers must justify compensation by describing the services they provide. Keep in mind that the overriding concept behind the regulations is to ensure that arrangements made in connection with qualified retirement plans are “reasonable.” In order to do so, fiduciaries and participants alike must know what services they are receiving in exchange for the fees paid.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.