Most of the fee disclosure deadlines have come and gone, but thediscussion isn’t over. The U.S. Department of Labor is ramping upenforcement efforts heading into 2013 to make sure serviceproviders and plan sponsors have met the requirements of feedisclosure.

Because there’s been a perceived lack of clear instruction andsupport from the Department of Labor, industry experts have beengiving tips to plan sponsors and service providers on how toprepare themselves for a possible DOL audit.

John Sohn, a partner with The Wagner Law Group who specializesin ERISA issues, wants to educate companies about the DOL’senforcement capabilities. Provisions within the Employee RetirementIncome Securities Act empower the Department of Labor to bringcivil actions against plans. Those rules also extend to anyone whoworks with the plans, he says, including plan sponsors,participants and other fiduciaries and affiliates.

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