The July 1, 2012, deadline for ERISA service providers to be in compliance with the new 408(b)(2) regulation requirements is quickly approaching. Under the 408(b)(2) regulation requirements, ERISA service providers are required to deliver written disclosures to the plan sponsor to describe the service provider’s services to the plan, the service provider’s fiduciary status to the plan, and the total compensation received by the service provider that is related to the service provider’s services to the plan. Service providers who fail to make the required 408(b)(2) disclosures by the July 1, 2012, deadline may be forced to repay to the plan any compensation received and ultimately can be subject to a twenty percent civil penalty imposed by the Department of Labor.
To assist service providers in complying with the Final Rule “Reasonable Contract or Arrangement Under Section 408(b)(2)-Fee Disclosure,” RIA Compliance Consultant’s will be hosting a webinar that is presented by its affiliated law firm, Bryan Hill Attorney at Law. During this webinar, the presenters will provide:
- A review of the Final Rule 408(b)(2) regulation including discussion on the specific disclosure obligations for plan service providers, including investment advisers;
- A discussion on what service providers and plans are covered under 408(b)(2);
- An overview of the disclosure information that must be provided; and
- A look at the procedural history of the 408(b)(2) regulation.
Sign-up today for our upcoming webinar, “New 408(b)(2) Disclosure Requirements Affect Investment Advisers to ERISA Plan Accounts.” Time is quickly running out to enroll!
Date: Thursday, May 10, 2012
Time: 12:00 pm CDT
Cost: $69.95
This webinar will provide up to one hour of Continuing Education credit to meet the ongoing requirements for maintaining the Certified Financial Planner (“CFP”) certification, approved by the CFP Board of Standards, Inc. To register for this webinar, please click here.
