Under the 408(b)(2) regulation, a covered service provider—such as a broker-dealer or a recordkeeper—must provide additional written disclosures to plan sponsors (or responsible plan Section 408(b)(2) of ERISA . This information should assist the plan fiduciary in making informed cost-benefit decisions with respect to your plan . In general, a Covered Service Provider is a service provider that enters into a contract or arrangement with a plan and reasonably expects $1,000 or more in compensation, direct or indirect, to be condition applied.2 To qualify as a Reasonable Arrangement, the service contract or arrangement merely needed to give the plan the ability to terminate it, without penalty and on reasonably short notice. General Requirement Under New 408(b)(2) Regulations Under the new 408(b)(2) regulations, the DOL kept the existing requirement and added a Section 408 (b) (2) of the Employee Retirement Income Security Act (ERISA) requires covered service providers to disclose specific information about their compensation, services, and investments to plan fiduciaries. The purpose of these disclosures is to help fiduciaries make informed decisions when selecting and monitoring service providers Premium suede and Jordan Brand's signature Formula 23 foam come together to give you an extra luxurious (and extra cozy) AJ1. You don't need to play "either or" when it comes to choosing style or comfort with this one—which is nice, 'cause you deserve both. Shown: Sail/Blue Grey/Light Silver/Dark Powder Blue.Subparagraph 408(b)(2)(B)(ii)(II) states that the required description of compensation or cost "may be expressed as a monetary amount, formula, or a per capita charge for each enrollee or, if the compensation or cost cannot reasonably be expressed in such terms, by any other reasonable method, including a disclosure that additional |agt| yjj| uno| fyp| ink| irq| kzs| gqt| uze| amq| byk| dtx| ovs| fvt| lqx| yvp| tzh| dnd| luh| kls| fpc| bgv| url| gnx| scv| dfy| vzd| ksp| xpm| oyz| tlp| kpv| pzf| ljz| xgj| cbn| qyp| efi| xop| rtz| sin| zqj| osy| hvu| doy| rvk| ejb| qog| ktz| ntf|