New York, NY, June 05, 2011 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled “401(k) Fees: What You Need to Know in 2011.” This two-hour event is scheduled on August 9, 2011 at 12:00 PM - 2:00 PM ET.
One of the key issues that will surely be a challenge for plan fiduciaries and participants is the multiple sets of regulations relating to 401(k) fees which were recently released by the Department of Labor. The regulations call for service providers to 401(k) plans to deliver more information about their services and fees to plan fiduciaries. Plan fiduciaries will be expected to review and consider this information in making decisions regarding the reasonableness of 401(k) plan services and fees. In addition, plan fiduciaries must provide new disclosures to participants, who self-direct their accounts, including more information about investment-related expenses as well as administrative and individual expenditures and may be liable if participants incur investment losses and participant disclosure was not complete as required by the new regulations. While the new disclosure regulations are intended to improve the information that plan administrators and participants receive about 401(k) plan fees and expenses, implementation of the new requirements is expected to be complex and costly for plans as well as service providers, and plan fiduciaries may find that interpreting these requirements is difficult and could be confusing.
The Knowledge Group is assembling a panel of distinguished thought leaders, professionals and key regulators to help plan fiduciaries and participants understand issues arising from the new 401(k) fees disclosure rules. The speakers will present their expert opinions in a two-hour LIVE webcast.
Bracewell & Giuliani
Groom Law Group, Chartered
Grant Thornton LLP
Scott D. Kiper, JD
Senior Manager, Compensation and Benefits Consulting
CEO and Co-Founder
Davis & Harman LLP
For an updated list of the faculty panel, please visit:
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.