CIEBA released a primer designed as a practical guide to help plan sponsors with disclosure and other issues, confirmed spokeswoman Judy Schub. The handbook, "Defined Contribution Fee Disclosure Best Practices," outlines the organization's views on fee disclosure and general guidelines for sponsors developing fee-disclosure materials for defined contribution plans. It also contains sample disclosure statements for different types of plan services and investments.
As of Dec. 31, 2004, members of the Committee on Investment of Employee Benefit Assets of the Association for Financial Professionals managed $457 billion in defined contribution assets on behalf of 5 million participants, Ms. Schub said. Copies of the booklet are available at www.afponline.org/pub/pdf/Fee_Disclosure_Primer_Final.pdf.
