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Paychex Retirement Services

Paychex Retirement Services Understanding Participant Fee Disclosure Dear Plan Administrator: Regulations require employers who sponsor certain qualified Retirement plans to provide participants and beneficiaries with a Participant Fee Disclosure Statement. The fee disclosure must be provided on or before the date the participant can first direct their investments and annually thereafter. The fee disclosure is intended to make the participant/beneficiary aware of his or her rights and responsibilities associated with the investment options made available under the plan. The disclosure will allow him or her to make informed decisions regarding the management of their account. If information in the fee disclosure changes, you must distribute an updated fee disclosure statement to eligible employees 30 days in advance of the change.

beneficiaries aware of their rights and responsibilities with respect to the investment of assets in the plan, and provide sufficient information regarding the plan and its investments. In accordance with the rule, a Fee Disclosure Statement for Participants must be provided to aid

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  Testament, Rights, Responsibilities, Rights and responsibilities, Paychex

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