Service providers to employee benefit plans now have until January 1, 2012, to prepare for compliance with the Department of Labor's new fee disclosure requirements. Under the DOL's interim-final rule published on July 16, 2010, certain service providers to employee benefit plans will be required to disclose information regarding direct and indirect fees for plan services and potential conflicts of interest related to the provision of those services to plan fiduciaries for review, in order to maintain prohibited transaction relief under Section 408(b)(2) of ERISA. The DOL extended the effective date for the rule, July 16, 2011, to January 1, 2012 to allow service providers additional time to implement compliance efforts following the DOL's publication of the final rule, expected in advance of July 16, 2011. DOL Press Release.