New York, NY, July 24, 2011 --(PR.com
)-- Fiduciary Benchmarks, a leading service provider for benchmarking retirement plans, teams up with The Knowledge Group for KC’s upcoming webcast entitled “401(k) Fees: What You Need to Know in 2011.” This two-hour event will be held on August 9, 2011 at 3:00 PM - 5:00 PM ET.
For further details about this event, please visit:
About Fiduciary Benchmarks
Fiduciary Benchmarks is recognized as one of the industry’s leading services for benchmarking retirement plans. Started in 2007 by several industry experts, the company now has over 1400 of the most respected industry service providers committed to using their service. These professionals represent more than 40,000 plans.
The company provides independent, comprehensive and informative benchmarking services through advisors/consultants, record keepers, and other plan service providers. For more information about Fiduciary Benchmarks, please visit this link: http://www.fiduciarybenchmarks.com/.
KC Event Synopsis
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.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. For further details, please visit: www.knowledgecongress.org.