Beginning July 1, fees that are charged by service providers to IRS-qualified plans must be disclosed to Plan Sponsors, so they can determine the reasonableness of charges. Later in the year, fees and charges to participants’ accounts must be disclosed to participants in 401(k) or 403(b) plans.
For many small business owners who wear the many hats of owner, operator and human resources, this new regulation means an additional concern about compliance and ensuring proper explanation of sometimes confusing benefits.
The University of North Florida’s Division of Continuing Education and the Employ Florida Banner Center for Financial & Professional Services have teamed up to provide business owners, human resource professionals, CPA’s, financial advisors and accountants with the tools they need to ensure they understand their fiduciary responsibilities and the possible penalties for improper performance, along with the many new requirements for Plan Sponsors under 408(b)(2) and the DOL Regulation under ERISA Section 404(a)(5). Expert instructors will teach how to explain fees to so that all participants understand.
Cost of the seminar is only $189, but a special discounted price of $99 is being offered. For more information and enrollment, contact UNF’s Division of Continuing Education at email@example.com, call (904) 620-4200.