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Legislation & Regulation

Disclosure Regulations: Plan Sponsor Regulation

On February 3, 2012, the Department of Labor (DOL) released the final plan sponsor regulation that requires covered service providers to disclose certain fee and service information to assist fiduciaries (typically the plan sponsor) in fulfilling their obligations under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (ERISA). The regulation clarifies the disclosures required to be given to assist a plan fiduciary in ascertaining the reasonableness of the fees for the services provided.

"We believe this regulation can help financial professionals and their clients as they evaluate service providers and that is positive," comments Greg Burrows, senior vice president of retirement and investor services.

White Paper for Financial Professionals from Jamey Delaplane

New Disclosure Rules for Retirement Plan Service Providers: What Financial Professionals Need to Know outlines:

  • The new requirements regarding fee disclosure to plan sponsors for ERISA covered plans
  • The information financial professionals need to know about the regulation
  • Steps to consider taking in order to comply with the new disclosure requirements

Questions About the Regulations?

If you have questions about the regulations, please contact your financial professional, third-party administrator (TPA) or local representative from The Principal.



Have a question? Call us at 1.800.986.3343

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