Plan Participants, Disclosure Requirements, Retirement Plan

Providing Info to Participants

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 4/7/2025

ERISA requires disclosure of certain plan documents to participants including a summary plan description, statements, and notices. The problem is what do you do with people who aren’t participants such as potential employees?...more

40% of plan participants don’t know what their fees are, most of the other 60% also have no clue

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 10/26/2021

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don’t fully understand the fees they are paying. Even with fee disclosure rules implemented in 2012, 41% of participants...more

The question of providing information

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 1/6/2020

ERISA requires disclosure of certain plan documents to participants including a summary plan description, statements, and notices. The problem is what do you do with people who aren’t participants such as potential employees?...more

Plan Participants › Disclosure Requirements › Retirement Plan

Providing Info to Participants

40% of plan participants don’t know what their fees are, most of the other 60% also have no clue

The question of providing information

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