The Department of Labor (“DOL”) published its final Section 408(b)(2) regulation in February, prescribing the disclosure requirements that are required from retirement plan service providers. Fiduciaries and service providers of covered plans must ensure to abide by the new regulation by July 1, 2012. Now that you have had a chance to review the regulation, expect the disclosures to cross your desk soon.
Castle Rock Investment Company (CRIC) has compiled a checklist to help plan sponsors determine if they are responsible for a covered plan and outline the steps necessary to ensure that fiduciaries have fulfilled their new obligations. You will need to establish a process to keep track of the disclosures as they flood your desk since a summary roadmap is not required yet. Please contact us at 303-725-7086 for a copy of the checklist.
Please plan to attend our workshop on May 10th where we will teach a step-by-step-process for plan sponsors that want to take a hands-on approach in fulfilling their 408(b)(2) obligations. Please be on the lookout for more details on this informative event.
If you have any questions, or need assistance, please feel free to contact me at 303-725-7086.
Best Regards,
Castle Rock Investment Company, formed in 2006, is an independent woman-owned SEC-registered investment adviser located in Castle Rock, Colorado. We specialize in individual financial plans and qualified service plans.