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Experts Advise 401(k) Plan Sponsors on 408(b)(2) Fee Disclosure Template
Fiduciary News Link to more items from this source
July 31, 2012
"[I]n some cases, the 408(b)(2) fee disclosure has only confused 401k plan sponsors.... Quite a few experts fear the DOL may have 'missed the boat.' 'Every report is different. The goal of fee disclosure was to compare apples-to-apples,' explains [a consultant] ... In promulgating the Rule, the DOL initially promised to offer a disclosure template. That never materialized, and service providers were left to their own creativity."

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