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Most Employers and Service Providers Prepared for 401(k) Participant Fee Disclosures
Financial Advisor Link to more items from this source
June 26, 2012
"A vast majority (69%) of 401(k) plan providers and third party administrators feel prepared to meet the new fee disclosure requirements that go into effect Aug. 30, but ... 24% say they have not finalized the communication processes needed to meet the new regulations, and 5% say they still need help understanding the U.S. Department of Labor requirements. In addition, almost 13% of respondents say have made no preparation for the questions they are likely to get from plant participants once they receive the fee notices."

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