Plan Fee Workshop 2012

Practical Guide to Plan Fee Disclosures Workshop
Are You Ready?

Are you ready to answer each of these questions? More importantly, are you ready to implement these rules in the next few months? 

  • Am I a covered service provider? If not, why not? If so, what do I need to disclose?
  • By what date do I need to make the disclosures? When must I make the disclosures again?
  • Do I need to make additional investment disclosures?
  • What makes a recordkeeper a platform recordkeeper?
  • What is direct/indirect compensation?
  • What if I don’t know whether the plan or the employer will pay me?
  • What is an ERISA recapture account? What happens if I fail to comply?
  • How can I correct a failure to disclose?
  • May I use multiple forms to make the disclosures?
  • What is considered a participant-directed plan?
  • To which participants must the plan provide the disclosures? When are deadlines for the disclosures?
  • What are administrative/individual expenses?
  • How do you disclose plan expenses? What expenses are subject to annual/quarterly disclosure?
  • How do you disclose fees paid from the investments?
  • What investment options are subject to disclosure? What investment information must the plan disclose?
  • How do the disclosures change if the plan provides brokerage accounts? What are the consequences for failing to provide the disclosures?
  • How and when does the plan disclose changes?

Although the Department of Labor (DOL) has spent years writing and rewriting the regulations, the lack of any practical guidance or examples on how to comply with the requirements has placed practitioners in a difficult position. That is where SunGard’s Relius can help. Using forms, case studies and examples, this Workshop helps provide you with the necessary tools and guidance to answer each of these questions and shows you how to implement these regulations.

Topics include:

  • Service provider fee disclosure rules
  • Participant fee and investment disclosures
  • Electronic delivery of the fee and investment disclosures
  • 404(c) protection after the new regulations
  • Understanding the terms
  • TPA Disclosures
  • Correcting disclosure errors
  • Deadlines for compliance

Objectives: Upon completion of the seminar, attendees should be able to:

  1. Determine which service providers must disclose expenses to the plan’s fiduciary
  2. Determine which expenses and investment options the plan must disclose to participants
  3. Prepare an initial covered service provider disclosure statement
  4. Identify the required annual and quarterly disclosures for participants in a participant-directed individual account plan
  5. Prepare a disclosure statement for participants in a participant-directed individual account plan
  6. Distinguish between direct and indirect compensation
  7. Define terms such as ERISA recapture account, covered service provider, designated investment alternative, platform recordkeeper, etc.
  8. Correct an improper disclosure of plan expenses to the plan’s fiduciary
  9. Determine how the service provider disclosure rules apply to a participant