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Overview of Recent Department of Labor ERISA Service Provider Fee Disclosure Initiatives

August 07, 2008

By Kristin Chapman, Steve Harris, Eric Keller and Josh Sternoff

401(k) and other plan fiduciaries are under intense scrutiny with respect to the transparency and appropriateness of service provider compensation paid by plans and their participants. This has largely resulted from a wave of lawsuits against both employers and financial institutions relating to revenue sharing and other fee arrangements and the adequacy of fee-related disclosures.

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