GAO Fee Survey

[Guest JohnCal]

A client of ours sent us an 18 page survey they recently received from the GAO. The survey title is "SURVEY OF 401(K) PLAN SPONSORS FEES". The survey is very detailed and specific to investment and plan fee information. It does not appear to require a response as there is no Due Date. Has anyone else learned of this?

[Guest JohnCal]

I just saw the Cover Letter and it does request a response in two weeks. It also promises that the reponses will NOT be published and that just the summary information from all responses will be published.

The selection was apparently based on the 2009 plan year Form 5500 return.

[pmacduff]

I, too, have a client that received this GAO survey. They contacted us to see if it was legit to complete and to get our input on some items.

The humorous part of that to me is that this particular client pays ALL of the Plan fees even the asset management fees, none are charged to the individual accounts/participants which is not the norm these days.

I found that ironic.....