Targe Date Fund Disclosure FAQ
SunGard Relius has posted Part X in its series of Technical Updates containing FAQs on the participant fee disclosure regulations published in October 2010. Part X addresses proposed regulations related to target date funds (TDFs) and to qualified default investment alternatives (QDIAs) published in November 2010.
Click
here to read the answers to the following questions:
- What is the proposed effective date of the proposed regulations discussed in this Technical Update?
- What is the impact of the proposed regulations?
- How do the proposed regulations modify the required QDIA disclosures?
- What are the specific disclosures that apply to all QDIAs?
- What are the specific disclosures that apply to a QDIA that is a TDF?
- Under the proposed regulations, do the participant fee disclosure rules incorporate the disclosures described in question #5?
- In general, what is the effect of the proposed regulations?
NOTE: On February 11, 2011, the US Department of Labor's Employee Benefits Security Administration
announced that it "intends to extend the applicability date for the new disclosure rules under section 408(b)(2) of ERISA to January 1, 2012".
Please
contact us with questions about our service provider fee disclosure practices or with questions on participant fee disclosure requirements.