The deadline for plan sponsors to begin disclosing fees in the 401(k) space is just around the corner. There are five ways to properly communicate, explain fees and meet participant deadlines. First, know who is providing services to the plan including a recordkeeper, advisor, lawyer or auditor. Review your fees and services, document actions and decisions and keep in your fiduciary file. Once you determine who you need to provide disclosure to, assess how to communicate with each participant and determine if you meet electronic delivery rules or will you do hard-copy mailings. The fourth step is to understand how participants are paying fees. Finally, know your deadline for participant disclosure.
These prospects have some gray hair, and some assets.
The typical enrollee had a monthly out-of-pocket cost of $47 or lower.
The review rules will apply when the U.S. insurer has sensitive information about 1 million or more people.
Sponsored by Cetera Financial Group
Do you know the difference between client experience and customer service? The answer is crucial.
Sponsored by T. Rowe Price Investment Services, Inc.
The “reflation trade” appears real, but risks are still elevated.
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