Changes to Final Fee Disclosure Rule

This document is about the changes made to the final 408b-2 service provider fee disclosure rule by the U.S. Department of Labor. It covers the exclusion of certain annuity contracts and custodial accounts from the covered plans, the enhanced initial disclosure requirements for indirect compensation, the additional investment-related disclosures required, the changes to the timing of disclosures, the updated reporting and disclosure information timing, the clarification on disclosure errors, and the modifications to the definition of compensation and the exemption for responsible plan fiduciaries. The document provides details on these changes and the effective date of the final rule.