Groom Law Group Chartered Named Sponsor at Knowledge Congress' Event “401(k) Fees: What You Need to Know in 2011 LIVE Webcast,” on 08/9/11

New York, NY, July 22, 2011 --(PR.com)-- Groom Law Group Chartered, a leading employee benefits law firm, teams up with The Knowledge Group for KC’s upcoming webcast entitled “401(k) Fees: What You Need to Know in 2011.” This two-hour event will be held on August 9, 2011 at 3:00 PM - 5:00 PM ET.

For further details about this event, please visit:

http://knowledgecongress.org/event_2011_401k_Fees.html

About Groom Law Group Chartered

Groom Law Group, Chartered (www.groom.com) is the premier employee benefits law firm in the United States with over 50 attorneys dedicated solely to the practice of employee benefits law. Groom provides clients with cost-effective, creative, and practical solutions to sophisticated benefits and tax law challenges. The Firm’s national client base includes a diverse group of major corporations, financial institutions, health insurers, trade associations, governmental, and tax-exempt organizations.

KC Event Synopsis

One of the key issues that will surely be a challenge for plan fiduciaries and participants is the multiple sets of regulations relating to 401(k) fees which were recently released by the Department of Labor. The regulations call for service providers to 401(k) plans to deliver more information about their services and fees to plan fiduciaries. Plan fiduciaries will be expected to review and consider this information in making decisions regarding the reasonableness of 401(k) plan services and fees. In addition, plan fiduciaries must provide new disclosures to participants, who self-direct their accounts, including more information about investment-related expenses as well as administrative and individual expenditures and may be liable if participants incur investment losses and participant disclosure was not complete as required by the new regulations. While the new disclosure regulations are intended to improve the information that plan administrators and participants receive about 401(k) plan fees and expenses, implementation of the new requirements is expected to be complex and costly for plans as well as service providers, and plan fiduciaries may find that interpreting these requirements is difficult and could be confusing.

A panel of distinguished thought leaders has been assembled by the Knowledge Group to help plan fiduciaries and participants understand issuers arising from the disclosure rules of 401(k) fees.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. For further details, please visit: www.knowledgecongress.org.

###