July 10, 2012

ERISA Service Provider Disclosures: What Plan Sponsors Need to Do Now

July 1 was a watershed date in the ERISA world.  By that date, covered service providers to ERISA-governed retirement plans had to provide written disclosures about their services, fiduciary status and compensation to the “responsible plan fiduciary” for all their existing plan clients.  Failure to do so made their service arrangements prohibited transactions under ERISA.

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