Sponsor Fee Disclosure for Retirement Plans Subject to ERISA

Sponsor Fee Disclosure for Retirement Plans Subject to ERISA

The Department of Labor (DOL) has issued final regulations under section 408(b)(2) requiring the disclosure of fees and expenses by service providers to plan fiduciaries. The new regulations are intended to help plan fiduciaries determine if the fees plan sponsors and participants pay are reasonable for the services they receive. These regulations cover plans subject to ERISA. Covered service providers include record-keepers, investment advisers and broker-dealers. ING Financial Partners is a broker-dealer and a provider retirement plans sold through registered representatives. The final DOL regulation is effective as of July 1, 2012.

ING Financial Partners services and compensation

The regulations are intended to help you, as a plan fiduciary, determine if the fees you and your plan participants pay are reasonable for the services you receive. Download a complete brochure, which summarizes service you receive from ING Financial Partners and our registered representatives and the fees or commissions paid for our services.

Services and fees paid to other service providers

For a breakdown of the investment expenses for the various funds available under your plan as well as the revenue paid from the funds in support of the recordkeeping and administrative services in connection with your plan, please refer to:

  • The disclosures provided to you by other covered service providers
  • The following is a list of retirement plan selling agreements and links to their websites

ING Financial Partners Retirement Plans Approved Product List: