General information

This is for informational purposes only and is not intended to be legal advice.  Please consult your own attorney if you have specific questions relative to the application of these rules to your particular facts and circumstances.

Department of Labor (DOL) issued regulations requiring the disclosure of fees and expenses for defined contribution plans subject to the Employee Retirement Income Security Act of 1974 (ERISA):

  1. By certain service providers to retirement plan fiduciaries (DOL regulation §2550.408b-2);and
  2. By plan fiduciaries to their employees who are eligible to participate in the retirement plan, whether or not they participate in the plan (DOL regulation §2550.404a-5). Under this regulation, disclosure must also be provided to beneficiaries of deceased participants and alternate payees under a Qualified Domestic Relations Order (QDRO), who have the right to direct the investment of assets held in their account under the plan.

The following materials have been developed to help you understand these regulations, your role as plan fiduciary/sponsor, and how Voya can help you. 

To stay current on any DOL fee disclosure developments, please be sure to bookmark and visit this site regularly.  

If your defined contribution plan is not subject to ERISA, you are not subject to these regulations.  We are aware that some non-ERISA plans follow ERISA rules as a "best-practice".

DOL Regulatory Information:
The following are links to information from the DOL regarding the regulations. Additional information can be found on the DOL website (opens new window):

Provider Disclosure Regulations

Participant Disclosure Regulations

Additional DOL guidance regarding both regulations

Questions and Answers Regarding the Regulations
 The following document addresses some general questions you may have about the regulations.

This material is provided for general and educational purposes only. The information it is not intended to provide legal or tax advice and cannot be used by any taxpayer for the purpose of avoiding tax penalties. Neither Voya nor its agents, representatives or affiliated companies provide legal or tax advice.  Please consult with your own tax and legal advisors regarding your individual situation.