ERISA 408(b)(2) Fee Disclosure Guide for 403(b) Plans

This guide provides detailed information regarding the fee disclosures required under ERISA section 408(b)(2) for 403(b) retirement plan clients of Ameriprise Financial. It outlines the compensation that Ameriprise Financial Services, LLC and its affiliates may receive in connection with services provided to plan participants. The document emphasizes the importance of transparency in fee structures and outlines the various services offered to participants, including investment options and financial advisory services. It also discusses the fiduciary status of Ameriprise Financial when providing investment advice under applicable laws. The guide further explains the responsibilities of employers in ensuring compliance with ERISA regulations, including the delivery of required disclosures and lifetime income illustrations to participants. Additionally, it provides information on how to access further documentation and the potential fees incurred from third-party service providers. This resource is essential for understanding the fee structure and services associated with 403(b) retirement plans.