Understanding 408(b)(2) Disclosures

ERISA Section 408(b)(2) requires service providers to the plan to provide the plan’s fiduciaries with the information they need to assess the reasonableness of total compensation received by the service provider and identify potential conflicts of interest. But why is it necessary? What steps should a retirement plan committee take to meet its obligations? We have two resources available for plan sponsors that can help navigate this fiduciary requirement.

408(b)(2) disclosures

Our Understanding 408(b)(2) Disclosures FAQ resource covers the "what" and "why" of this disclosure as well as best practices.





fee disclosure training

If your committee is established and you're aware of this disclosure, but unsure of the steps to take to make sure to meet this fiduciary obligation, our Level 3 Fiduciary Training material is a helpful resource. Geared toward committees, this short resource walks through the five steps to complete this disclosure.





Multnomah Group is a registered investment adviser, registered with the Securities and Exchange Commission. Any information contained herein or on Multnomah Group’s website is provided for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Multnomah Group does not provide legal or tax advice.

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