Calling all plan sponsors! The regulation you have been waiting for is finally here. The Department of Labor issued the final 408(b)(2) regulation last week with the compliance date extended to July 1, 2012.
Service providers are finally required to disclose how much they charge you and your plan for the services they provide. In addition, you will be able fulfill your fiduciary responsibility to determine that the fees are reasonable since you’ll have the information you need for the first time. Over the next few months, Castle Rock Investment Company will highlight important items from the new rule so you will have a clear understanding of how they affect you!