Products January 31, 2011

Principal Offers Fee Disclosure White Paper for Plan Sponsors

January 31, 2011 (PLANSPONSOR.com) - A new white paper from the Principal Financial Group—authored by ERISA expert Jamey Delaplane of Davis & Harman, LLP—will help plan sponsors understand and comply with new fee disclosure rules.
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Available at http://www.principal.com/feedisclosure, “New Participant Fee Disclosure Rules: What Plan Sponsors Need to Know” provides insight on: 

  • Plans and participants impacted by the new rules; 
  • Types of information that must be disclosed (such as investment direction and options, investment fees, administrative charges, individual expenses, performance data and more); 
  • Special disclosure rules for certain types of investments like brokerage windows, target-date funds, annuities and company stock; 
  • Delivery options for participant disclosures; 
  • Required timing of disclosures; and 
  • Repercussions for failing to meet the new requirements. 

 

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In October, Principal announced it had added a fee disclosure white paper for financial professionals on its fee disclosure Web site (see Principal Publishes White Paper on Fee Disclosure Guidelines).

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