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The Employee Benefits Security Administration (EBSA) has extended compliance dates for two rules relating to retirement plan fee disclosures.
First, the EBSA final rule extends the applicability date of the fiduciary-level fee disclosure rule of July 16, 2010, to April 1, 2012. This rule enhances the information that service providers must provide plan fiduciaries. Second, the rule modifies the transition provision of the participant-level fee disclosure regulation of Oct. 20, 2010. This disclosure requirement takes effect Nov. 1, 2011, but the final rule provides a 60-day window for compliance.
Details on the fiduciary-level fee disclosure rule can be found here, and details on the participant-level fee disclosure regulation can be found here.
