Mark Sulpizio, a founding partner at IBP, presented a workshop on the added fiduciary responsibilities plan sponsors will face due to the upcoming Department of Labor 408(B)(2) regulations at Ruth’s Chris Steak House in Princeton, NJ. The program reviewed what plan sponsors should be doing to prepare for the regulations and offered guidance on how to unbundle a retirement plan to determine the fees being assessed to participants, a requirement of the new regulations. Attendee feedback was extremely positive, with many comments on the timeliness and value of the material presented. If you would like more information on how the new regulations will affect your plan, feel free to call our office.
