Enacted in the Summer of 2012, ERISA Section 408b(2) is part of a long term strategy being implemented by the Department of Labor (DOL). It is designed to facilitate and enhance the exchange of information between all parties related to a company sponsored retirement plan. The intent of this strategy is to improve the transparency of retirement plans as it relates to the fees and services associated with them. Another intent of this new strategy is an increase in disclosures of conflicts of interest. The ultimate goal is to help employees make better informed decisions and ultimately reach their retirement goals. The following 5 things are important for the prudent investor know about these new regulations.