Press Releases

New Report from Broadridge Helps Plan Fiduciaries Prepare and Prosper Through Upcoming 401(k) Fee Disclosure Regulations

LAKE SUCCESS, N.Y., Jan. 25, 2012 — A new report from Broadridge Financial Solutions (NYSE: BR) provides insights to help firms successfully navigate the new fee disclosure regulation being implemented by the Department of Labor. This new regulation introduces a new level of transparency, and disclosure of expenses associated with defined contribution plans.

The report, A Look at the New Department of Labor Disclosure and Reporting Rules and Their Impact on Plan Fiduciaries, provides an overview of Rule 404(a)(5), what plan fiduciaries should be aware of when evaluating the information contained in the disclosures, and raises potentially surprising  consequences when plan fiduciaries make disclosures this spring.

“Many participants believe their 401(k) plans are free -- until now. We believe concise communication developed in concert with our clients and delivered in the most automated way can improve overall participant understanding of fees associated with their plans. After seeing the fees associated with their account, we expect there to be a flood of questions,” says Timothy Slavin, Senior Vice President, Defined Contribution, Broadridge. “Not only do preparations need to be made to comply with the regulation, but third party administrators (TPAs), fund companies and advisors need to consider a comprehensive communication plan after the regulation takes effect.”

The report also provides insight into the temporary rules for electronic disclosure, including safe harbor methods of disclosing electronically. These delivery rules include items that can accompany the quarterly benefits statement participants already receive and that pertain to the voluntary provision of e-mail addresses by participants, the additional material that must be contained in the initial notice when it is being delivered electronically, special provisions for an annual notice, and how to confirm that the edelivery was successful.

A copy of Broadridge’s just released report on Rule 404(a)(5), an earlier report on Rule 408(b)(2) and an audio replay of a webinar series related to these topics can be accessed via Broadridge’s Fee Disclosure Resource Center located at


About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.

For more information about Broadridge, please visit

Media Contacts:

Ed Orgon

The Torrenzano Group

+1 212 681 1700


Linda Namias

Corporate Communications



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