Fee Disclosures

In October, 2010, the Department of Labor (DOL) issued regulations requiring the disclosure of fees and expenses by plan fiduciaries to their eligible employees and plan participants. This regulation covers defined contribution plans that permit participants to direct the investment of their own accounts and that are subject to the Employee Retirement Income Security Act of 1974 (ERISA).

Please review the “Participant Disclosures: A Guide for Plan Administrators” to see how the ABA Retirement Funds Program is assisting our plan administrators in satisfying their participant disclosure obligations.

The participant disclosures intended to satisfy 404a-5 disclosure requirements are mailed to all participants recorded on the Program’s recordkeeping system annually, and posted on the Program website after login. 

The disclosures intended to meet the 408(b)(2) disclosure requirements are issued to Program plan sponsors annually.  Plan sponsors may request additional disclosures at any time by e-mail to “contactus@abaretirement.com.”