FIS Relius

This program was recorded during a live prsentation on 11/3/2010.

The topic of fee disclosure and “transparency” in qualified plan transactions continues to dominate the retirement plan landscape. Just three months ago the DOL released final regulations that mandate disclosures by various plan service providers of direct and indirect compensation the service providers will receive during the life of a service arrangement with the plan. The next major jolt to the foundations of retirement plan administration is the new set of mandatory disclosures for participant-directed individual account (e.g., 401(k)) plans.

In this Web seminar, we will review the fiduciary obligations under Title I of ERISA which have generated the new participant disclosure regulations. In aid of the obligation to discharge their duties solely in the best interest of participants, plan fiduciaries must ensure that participants are aware, on a regular and continuing basis, of their rights and responsibilities regarding the investment of assets held in their accounts.

The new regulations will require specific disclosures of the costs to participants of administrative services, and of fees and expenses associated with designated investment alternatives. The seminar will outline the requirements to disclose on initial eligibility, quarterly, and annually, the administrative expenses a participant may incur. In addition, the seminar will explain the detailed disclosure requirements relating to the performance of each designated investment alternative, including the format for the disclosures. Plan to attend this important Web seminar, and be among the first to explore the new participant disclosure regulations.

Topics include:

• Title I of ERISA fiduciary duties regarding investments
• Required disclosures of plan-related expenses
• Definition of designated investment alternative
• Disclosures required upon initial eligibility
• Quarterly and annual disclosure requirements
• Format and content of investment disclosures
• Comparison of fee disclosures with service provider disclosure requirements

Level: Intermediate

Instructional Delivery Method:
Group – Internet-Based

Speaker: Stephen Forbes, J.D., LL.M.
Author of The 5500 Filing Guide

Objectives:
After attending this seminar, attendees should be able to:

• Explain the fiduciary obligations underlying the new DOL participant disclosure regulations
• Identify the plans and participants subject to the new regulations
• Identify designated investment alternatives subject to the new regulations
• Collect the data necessary to provide the required investment and administrative disclosures
• Draft a disclosure statement consistent with the new regulations

System Requirements:

• Windows 95, 98, NT 4.0 , 2000, XP
• Internet Explorer 4.01 or later, Netscape 4.08 or later
• 56K modem connection or better (128K recommended)
• Pentium 166+ MHz, 128MB RAM or more
• 800x600 or higher display resolution
• Soundcard, Speakers

Recorded Event Time Limitation:
This recorded event will be available for 20 days from your date of registration.

Program related requests, questions, or concerns may be e-mailed to: relius.education@sungard.com.