On February 11, 2011, the Department of Labor (DOL) announced an extension of the deadline to comply with the new service provider fee disclosure regulations under ERISA section 408(b)(2) published July 16, 2010. The regulations require certain service providers to employee benefit plans to disclose information about the services to plan fiduciaries. The information is intended to help fiduciaries assess the reasonableness of the fees being charged for the services and review potential conflicts of interest. The regulations, originally scheduled to apply to contracts or arrangements for services in existence on or after July 16, 2011, will now become effective January 1, 2012. This delay will allow the Employee Benefits Security Administration (EBSA) more time to review comments on the interim final regulations and will also provide additional time for plans and service providers to take the steps necessary to comply. The fee disclosure regulations are discussed in greater detail in the August 2010 Employee Benefits Update.