Nationwide Financial has developed a 408(b)(2) Solutions Kit to help retirement plan sponsors and advisors comply with fee disclosure regulations that will take effect July 1.
The kit offers a solutions guide that outlines the different tools and services Nationwide provides for use with plan sponsors to help them understand and comply with the new requirements. It also provides a summary of the specific requirements as outlined by the Department of Labor, along with a summary to help plan fiduciaries understand their responsibilities for reviewing the reasonableness of the fees paid to service providers.
Advisors will receive a handbook with pointers they can use in conversations with plan sponsors to clearly explain the services they provide that add value to their retirement plan.
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