As mentioned in a previous blog post, the Department of Labor issued a set of frequently asked questions ("FAQs") in May, 2012 that were intended to clarify certain aspects of the final regulations concerning participant level disclosure requirements for 401(k) plans. Significantly, one of the FAQs concerned self-directed brokerage accounts that are made available to participants under a retirement plan. 

To briefly summarize, this FAQ, referred to as "FAQ 30," was intended to clarify that, despite widespread belief to the contrary, fees related to self-directed brokerage options under a retirement plan were disclosable under the participant disclosure rules.  

The DOL also noted that, in certain circumstances, investments selected by participants through brokerage windows or other investment platforms could become designated investment alternatives.

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

  • Critical BenefitsPRO 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 events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.