The disclosure rules are rocking plan fiduciaries' worlds across the industry — and not in a good way. Changing enforcement dates, complicated language, and the lack of an official ruling have made the rules even more complicated and difficult to understand. To help clear the air around the disclosure rules, BenefitsPro spoke with employee benefits attorney Jeffrey S. Ashendorf.
Ashendorf is a partner in the New York office of Ford & Harrison. He has more than 30 years' experience in employee benefits law, focusing primarily on design, drafting and administration of all types of qualified and non-qualified deferred compensation plans and arrangements.
BenefitsPro: Let's start with the service provider fee disclosure rules. Can you give an overview of what exactly the rules entail?
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