Reasonable Contract or Arrangement Under Section 408(b)(2)—Fee Disclosure; Proposed Rule

43 organizations filed 47 public comments on Reasonable Contract or Arrangement Under Section 408(b)(2)—Fee Disclosure; Proposed Rule, at the Employee Benefits Security Administration. The comment window closed 5095d ago.

Abstract

This document contains a proposed regulation under the Employee Retirement Income Security Act of 1974 (ERISA) that, upon adoption, would require that contracts and arrangements between employee benefit plans and certain providers of services to such plans include provisions that will ensure the disclosure of information to assist plan fiduciaries in assessing the reasonableness of the compensation or fees paid for services that are rendered to the plan and the potential for conflicts of interest that may affect a service provider’s performance of services. The proposed regulation will redefine what constitutes a ‘‘reasonable contract or arrangement’’ for purposes of the statutory exemption from certain prohibited transaction provisions of ERISA. The regulation, upon adoption, will affect employee benefit plan sponsors and fiduciaries and the service providers to such plans.

Commenters (43)

• Inc. 02/11/08unverified attribution

  4 filings · confidence 70%
• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• 104 Group of 11 Associations 09242008unverified attribution

  1 filing · confidence 70%
• 17: American Benefits Council/Jacobson 08262010trade assoc.

  1 filing · confidence 85%
• 19: American Bankers Association/Bleier 08272010trade assoc.

  1 filing · confidence 85%
• 21: The Profit Sharing/401k Council of America/Wray 08302010trade assoc.

  1 filing · confidence 85%
• 25: Committee of Annuity Insurers/Bortztrade assoc.

  1 filing · confidence 85%
• 27: Investment Company Institute/Podesta 08302010trade assoc.

  1 filing · confidence 85%
• 29: Investment Adviser Association/Barr 08302010trade assoc.

  1 filing · confidence 85%
• 32: American Council of Life Insurers/Welshtrade assoc.

  1 filing · confidence 85%
• 33: Lennan/Society of Professional Benefit Administrators 02/06/08trade assoc.

  1 filing · confidence 85%
• 41: The Financial Services Roundtable/Whiting 08302010trade assoc.

  1 filing · confidence 85%
• 43: Lohmann/Standard Insurance Companyunverified attribution

  1 filing · confidence 70%
• 48: DeFrehn/National Coordinating Committee for Multiemployer Plans (NCCMP) 02/11/08trade assoc.

  1 filing · confidence 85%
• 49: Barr/Investment Adviser Association 02/11/08trade assoc.

  1 filing · confidence 85%
• 52: Nichols/Northern Trust Corporation 02/11/08unverified attribution

  1 filing · confidence 70%
• 56: Podesta/Investment COmpany Institute 02/11/08trade assoc.

  1 filing · confidence 85%
• 57: Graff; Thomasson; Bloom; Richter; Davis/American Society of Pension Professionals & Actuaries (ASPPA) and Council of Independent 401(k) Recordkeepers (CIKR) 02/11/08trade assoc.

  1 filing · confidence 85%
• 60: Levy/Pharmaceutical Care management Association (PCMA) 02/11/08trade assoc.

  1 filing · confidence 85%
• 61: Whiting/The Financial Services Roundtable 02/11/08trade assoc.

  1 filing · confidence 85%
• 64: Lucas; Peyton/Callan Associates Inc. 02/11/08unverified attribution

  1 filing · confidence 70%
• 65: Peters/Branch Banking & Trust Co. (BB&T) 02/11/08unverified attribution

  1 filing · confidence 70%
• 72: Berry/Financial Planning Association 02/11/08trade assoc.

  1 filing · confidence 85%
• 73: Crerar/The Council of Insurance Agents & Brokers 02/11/08trade assoc.

  1 filing · confidence 85%
• 74: Gavell/State Street Corporation 02/11/08unverified attribution

  1 filing · confidence 70%
• 75: Welsh; Szostek/American Council of Life Insurers 02/11/08trade assoc.

  1 filing · confidence 85%
• 77: Jacobson/American Benefits Council 02/11/08trade assoc.

  1 filing · confidence 85%
• 82: Friedman/The Segal Company 02/12/08unverified attribution

  1 filing · confidence 70%
• 85: Varley/Securities Industry and Financial Markets Association 02/12/08trade assoc.

  1 filing · confidence 85%
• 87: Galvin/Blue Cross and Blue Shield Association 02/11/08trade assoc.

  1 filing · confidence 85%
• 93: Bleier/American Bankers Association 02/19/08trade assoc.

  1 filing · confidence 85%
• 95: Baker/Managed Funds Association 02/27/08trade assoc.

  1 filing · confidence 85%
• 98: Mitchell/Stable Value Investment Association (SVIA) 03/07/08trade assoc.

  1 filing · confidence 85%
• Inc. (IIABA) 02/11/08unverified attribution

  1 filing · confidence 70%
• Inc. 02/14/08unverified attribution

  1 filing · confidence 70%
• Inc. 02/27/08unverified attribution

  1 filing · confidence 70%
• Inc./Goldbrum 08302010unverified attribution

  1 filing · confidence 70%
• Inc/Mills 08302010unverified attribution

  1 filing · confidence 70%
• Insurance Services Group Legal Department 02/11/08unverified attribution

  1 filing · confidence 70%
• LLC 02/12/08unverified attribution

  1 filing · confidence 70%
• LLC/Flores 09032010unverified attribution

  1 filing · confidence 70%
• National Association of Manufacturers (NAM)trade assoc.

  1 filing · confidence 97%
• U.S. Chamber of Commerce

  1 filing · confidence 97%