Final ERISA 408(b)(2) Disclosure Regulations

April 19, 2012

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The U.S. Department of Labor (“DOL”) has issued the final 408(b)(2) regulations, which impose disclosure requirements on investment advisors to retirement plans covered by the Employee Retirement Income and Security Act of 1974 (“ERISA”). The DOL first proposed these regulations in 2007. The DOL issued an “interim final” rule in July 2010 and then released the final rule in February 2012.

Under the requirements of the new ERISA 408(b)(2) regulations, service providers, such as investment advisors, to ERISA covered plans are required to disclose certain information including a description of the services provided, a statement as to the service provider’s fiduciary status, and a description of all direct and indirect compensation received related to the services provided. In order to be in compliance with the new ERISA 408(b)(2) regulations, service providers must make these disclosures by no later than July 1, 2012.

On May 10 at 12:00 p.m. Central, RIA Compliance Consultants will be hosting a webinar, presented by our affiliated law firm, Bryan Hill Attorney at Law, regarding the new ERISA 408(b)(2) regulations. During this webinar the speakers will discuss, among other things, who is considered a covered service provider and what disclosures need to be made. Click here to purchase for $69.95 your seat for this webinar.

Posted by Bryan Hill
Labels: 408(b)(2), ERISA, Webinar