On Tuesday, February 28, Katten partners Ann Kim and Gary Howell spoke at this Employee Benefits Roundtable on Fee and Expense Disclosure Requirements. Other speakers included James Moyna, a partner with McGladrey & Pullen, and Sam Valeo, Senior Vice President of Wealth Management at Morgan Stanley Smith Barney.

Below is a description of the Roundtable and topics covered.

Plan sponsors who already gather and report fees for the updated IRS Form 5500 are faced with additional disclosure requirements. This year, the Department of Labor's final rules on fee and expense disclosure became effective. The new 408(b)(2) disclosures will further highlight the fees employers pay to their service providers, and Section 404(a) regulations require new participant level fee and performance disclosures. With a number of pending lawsuits and Department of Labor scrutiny focused on plan expenses, it is extremely important for plan sponsors to understand plan fees. In this program, we take a broader look at this topic and provide some thoughts on how to examine the fee issue in a more holistic way. We also provide an overview of the need for benchmarking and some thoughts on how best to do this.

This program addresses:

• The current regulatory environment and what it might mean for employers.
• What it really means to understand fees in the context of services provided.
• How benchmarking can help employers meet their fiduciary responsibilities through a prudent process.
• How to develop a prudent process.

To view a recording of the seminar, click here.

To view the presentation materials, click here.

To receive CLE credit for this program, click here.

To view the presentation evaluation form, click here.

Katten Muchin Rosenman LLP has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the State of New York for the period January 1, 2011, through December 31,2013. This seminar is appropriate for experienced attorneys. Attendees will receive 1.5 CLE credits in Professional Practice.

Katten Muchin Rosenman LLP is an accredited provider of MCLE in Illinois. This program has been approved by the Illinois MCLE Board for 1.5 hours of General Credit.

Katten Muchin Rosenman LLP is a State Bar of California approved provider of MCLE. This course has been approved for 1.5 General MCLE credits.