A Practical Guide To Covered Service Provider Fee Disclosures

A Practical Guide To Covered Service Provider Fee Disclosures

Jun 11, 2012

Article

Brownstein Benefits Client Update, June 11, 2012

By July 1, 2012, responsible plan fiduciaries should receive information from covered service providers regarding the fees charged by those providers and other information related to the services provided to covered plans (the “CSP Disclosure”). Many fiduciaries are wondering whether they have to do anything with this information and, if so, what should they do with this information. In this update, we identify the main actions that should be taken with respect to the CSP Disclosure and provide a questionnaire that identifies the information that must be included in the CSP Disclosure.

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