Skip to content

May 15, 2014

1

Do You Recommend a Fee Policy Statement?

by The 401k Study Group ®

See on www.planadviser.com

Read more from Content
1 Comment Post a comment
  1. Robb Smith
    May 15 2014

    Yes, but I call it a Fee Disclosure Prudent Processes Statement (FDPPS) which covers all three DOL fee disclosure regs: Form 5500 Schedule C, 408(b)2 and 404(a)5. It covers reporting requirements of each reg., the responsible party for ensuring compliance and a calendar of necessary items to be completed to ensure ongoing reporting and compliance. It also includes an annual notification to service providers requiring updated disclosure reporting under 408(b)2 if specific events have changed such as fees and/or assumption of fiduciary status within the last year.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

%d bloggers like this: