Automatic Rollover IRAs

[Guest mlee]

What are everybody's thoughts on this product, especially with the 'safe harbor' guidance that was just released? Some of the exemptions regarding fees were a bit vague for me...for instance, would annual custodial fees for maintaining the account be allowed or would they be limited to income generated? Maybe its Friday and I can't think straight but depending on when I read it...I get a different answer....

Thanks

[Guest planman]

Some industry groups have already submitted comments on this. http://www.psca.org/WASH/PDF/autorollsafe.pdf

http://www.eric.org/forms/uploadFiles/2FA6...9-04_11_%85.pdf

http://www.americanbenefitscouncil.org/doc...comment_ltr.pdf

The custodian fees would be limited to income generated by the account and that is a concern.