401(k) Fees: An Update on Regulatory Actions Affecting Service Providers

This timely webcast was hosted by the Association for Corporate Counsel Financial Services Committee and presented by Steptoe & Johnson LLP.  Steptoe ERISA lawyers Melanie Nussdorf and Eric Serron updated plan providers on recent regulatory initiatives impacting  companies with 401(k)s. Topics included:

• Latest DOL guidance on Form 5500 Annual Return/Reports of Employee Benefit Plans regarding service provider fee disclosures;
• Current status of proposed amendments to DOLs regulation regarding statutory services exemption; 
• Disclosure of fees to participants and; 
• DOLs position on gifts, gratuities and entertainment directed to plan fiduciaries.