"'We don't like the idea that people might be using brokerage windows as a way to evade the rule,' [said] Michael Davis, deputy assistant secretary for the DOL ... Davis cautioned those who may be advising clients to add brokerage windows to retirement plans in order to avoid having designated investment alternatives (DIAs) and thus avoid fee disclosure.... While the revised FAB does not prohibit brokerage-window only plans, Davis stressed that not having any DIAs raises concerns. 'We think that it is better to have designated a suite of options,' he added."  MORE >>