With 408(b)(2) Disclosures in Hand, What's Next?
Now that July 1, 2012 has passed and responsible plan fiduciaries have received their 408(b)(2) disclosures, the question is: what comes next?
David Witz1 min read80 wordsNow that July 1, 2012 has passed and assuming the responsible plan fiduciary (“RPF”) has received their 408(b)(2) disclosures, many Plan Sponsors are asking “What’s next?”
The RPF’s Two Options
- Compare the disclosures to the regulations to confirm they are complete, or
- Retain the services of a professional to conduct the analysis on their behalf.
Determining Fee Reasonableness
Once disclosures are complete, a determination must be made whether fees are reasonable for services rendered. This requires benchmarking fees and documenting the reasons you believe fees are reasonable.
