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Action required: Fee disclosure requirements for …
May 2017 Action required : Fee disclosure requirements for ERISA 403(b) plansDear Plan Administrator, The Department of Labor fee disclosure regulations require full transparency for employer-sponsored retirement plans. Service providers (Vanguard) and plan sponsors (you) each have responsibilities and need to take Action to comply with the regulations. Vanguard strongly supports fee transparency and is committed to promoting cost consciousness. When plan sponsors and participants understand the costs associated with retirement plans and the potential impact those costs have on investment returns over time, they can make informed decisions about their investment and service summary of your responsibilities Review Vanguard s summary of plan services and fees. As a service provider, Vanguard must furnish a summary of plan services and fees to plan sponsors. The enclosed 403(b) fee disclosure information booklet includes a detailed description of the investment management services we provide and a listing of all direct and indirect compensation we receive.
May 2017 Action required: Fee disclosure requirements for ERISA 403(b) plans Dear Plan Administrator, The U.S. Department of Labor fee disclosure regulations require full transparency for employer-sponsored
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