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Will DOL's New Mutual Fund Fee Disclosures Mislead 401k Investors?
Fiduciary News; free registration requiredLink to more items from this source
[Guidance Overview]
Dec. 23, 2010
Excerpt: [Ary Rosenbaum, Managing Partner at The Rosenbaum Law Firm P.C.] sums up the thinking of many experienced professionals when he says 'The DOL fee disclosures are good for the industry. However, how long and how much will it cost plan providers to provide this information and will plan sponsors actually take the time to read these disclosures? It's been my view that fee disclosure will actually create more fiduciary liability because plan sponsors who ignore fees in breaching their fiduciary role now have no excuse not to know about fees since the information will be provided.'

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