by Glenn Kessel

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I am the principal officer/manager of my company and trustee of my company’s 401K qualified retirement plan. What is the timing of my obligations to plan participants of the new Department of Labor final regulations for fee disclosure?

In order to improve fee transparency in participant directed qualified plans, such as 401K plans with participant investment options, the Department of Labor (DOL) has issued regulations to facilitate the fee disclosure information required to be given to plan participants to assist them in making informed decisions about their investments. Plan service providers for your 401K plan are required to furnish to you by July 1, 2012 the plan disclosure information required by the DOL regulations, including the fee disclosures. You are then required to furnish to the plan participants no later than August 30, 2012 the DOL plan disclosure requirements including associated fees and expenses. The first quarterly statement thereafter must be furnished to plan participants no later than November 14, 2012.

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Sweet marketing music

Sweet marketing music

Tanner Montague came to town from Seattle having never owned his own music venue before. He’s a musician himself, so he has a pretty good sense of good music, but he also wandered into a crowded music scene filled with concert venues large and small.But the owner of Green Room thinks he found a void in the market. It’s lacking, he says, in places serving between 200 and 500 people, a sweet spot he thinks could be a draw for both some national acts not quite big enough yet for arena gigs and local acts looking for a launching pad.“I felt that size would do well in the city to offer more options,” he says. “My goal was to A, bring another option for national acts but then, B, have a great spot for local bands to start.”Right or wrong, something seems to be working, he says. He’s got a full calendar of concerts booked out several months. How did he, as a newcomer to the market in an industry filled with competition, get the attention of the local concertgoer?

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Glenn Kessel