Human Resources
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Hewitt Report: Service Provider Fee Disclosure Regulations Are a Major Step Forward

2010-08-18

On July 16, 2010, the Department of Labor (DOL) issued interim final rules on service provider fee disclosure to plan fiduciaries.

These regulations represent a major step toward enabling plan fiduciaries to receive the information they need to make meaningful evaluations of the fees paid by their plans and plan participants.

The detailed report linked to below includes highlights of the new service provider fee disclosure regulations, as well as Hewitt's corresponding comments and interpretation. Also reviewed are possible next steps for plan fiduciaries and service providers. Finally, for those looking for more detail, we have provided a more comprehensive summary of the specific rules and important definitions.

Hewitt Report: Service Provider Fee Disclosure Regulations Are a Major Step Forward (August 2010)