An explanation of any fees and expenses for plan administrative services that may be charged against the individual accounts of participants and that are not reflected in the total annual operating expenses of any designated investment option must be disclosed. Also, the basis on which such charges will be allocated to, or affect the balance of, each individual account (for example, pro rata, per capita) must be disclosed.
In addition, the dollar amounts actually charged during the preceding quarter to the participants' accounts for administrative services and a general description of the services to which the charges relate must be disclosed.
Also, if applicable, an explanation that some of the plan's administrative expenses for the preceding quarter were paid from the total annual operating expenses of one or more designated investment options (for example, revenue sharing). Note that this requirement was not included in the proposed regulation and the DOL indicates that it was added so participants would understand that some of the fees and expenses of their plan might be underwritten by the investment alternatives offered in the plan. This provision does not require disclosure of the "rate" of such payments, nor does it require that the disclosure be provided only to participants who have invested in the specific designated investment options which make such payments.