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Topic:
The Day for Disclosure Draws Near: Are You Ready?
Date:
August 7, 2012 at 1:30 - 2:30 PM ETPresenters:
Dale Vlasek, Attorney(McDonald Hopkins LLC)
Colin Fitzpatrick Smith, retirement plan designer(The Retirement Company, LLC)
Register for the Virtual Conference to obtain webcast schedule and registration access by clicking on the 'view event' button below.
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Description
We will be covering the details of fee disclosure, this time to plan participants that will begin on August 30, 2012.
Among those details will the acceptable, according to the Department of Labor, format for these fee disclosures to plan participants: The disclosures can be emailed or snail mailed depending upon the participant’s preferences and the participant reserves the right to change their mode of delivery at their discretion. We will define, according to the dictates of the Department of Labor, to whom these disclosures must be delivered: Delivery is not limited to current participants and anyone who is eligible to participate in the plan must receive the disclosures. We will offer various courses of action to be taken to prepare for the disclosure event: A coordinated effort between all advisors to the plan, from accountants and attorneys to advisors and administrators as this initial disclosure event is likely to create quite uproar among plan participants. Why? Recent surveys would indicate that both plan sponsors and plan participants are blissfully unaware that any fees are imposed on their retirement plan. To be apprised that there are fees, and some are likely to be egregious, will undoubtedly trigger a slew of shrieking from plan participants and a coordinated plan designed to address the concerns of plan participants, before disclosures begin, is essential. And the planning for this date of disclosure should begin now, So, we will provide attendees with a step by step course of pro-active action so they can be prepared for August 30, 2012. |
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Who Should Participate
Anyone who is involved, directly or indirectly, with the administrative functions of the plan should attend
What You Will Learn
What you will learn?
a. how to prepare for August 30
b. how to prepare for after the first disclosure reactions
c. who can help you prepare for those two events
xxx xxx xxx xxx xxx xxx xxx xxx
Recommended Resources
There are any number of recommended resources Dale and I are willing to provide…..pre session requests can be made to either of us by email or calling us.
After the session, the same procedures can be followed.
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Presented by
Event Sponsors
McDonald Hopkins LLC
About McDonald Hopkins -- A business advisory and advocacy law firm
Despite the complexity and uncertainty in the world today, our 140 attorneys are focused on insightful legal solutions that help our clients strategically plan for an increasingly competitive future.
That is why we have a more than 80-year track record of counseling our clients through the most difficult times.
We are a business advisory and advocacy law firm with lawyers in six strategic locations -- Chicago, Cleveland, Columbus, Detroit, Miami and West Palm Beach.
In our most recent survey, we found that our clients are intensely loyal and confident in us. Although proud of the results, we are always striving to enhance our client relationships by exceeding their expectations.
Our comprehensive legal services are provided by teams of specialized attorneys and professionals who recognize that clients expect us to understand the complexities of their business or individual needs. Our service and industry specialties are designed to meet the growing challenges our clients face in an increasingly competitive environment. We approach every day with an entrepreneurial spirit and keen insight that enable us to furnish enhanced value.
The Retirement Company, LLC
The Retirement Company, LLC was founded with the goal of assisting our clients in every aspect of their financial lives. We’ve provided the most personal service available, thus earning a reputation for excellence in our industry.
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