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. Voya Financial Advisors is a broker-dealer and a provider retirement plans sold through registered representatives. The final DOL regulation is effective as of July 1, 2012.

Voya Financial Advisors 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.

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

Voya Financial Advisors Retirement Plans Approved Product List:

Voya® Investment Management (affiliated under the Voya family of companies):

Voya Investment Management