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Borzi Says DC Plan Service Providers Need to Do Better Job on Fee Disclosure
Pensions & Investments 
Sept. 12, 2013 "Many defined contribution service providers are not complying with the letter or even the spirit of fee disclosure regulations, said Phyllis Borzi, assistant secretary of labor and head of [EBSA].... Some vendors give their plan sponsor clients 'a laundry list of services they may provide' and a range of fees for those services, Ms. Borzi said. 'This wasn't what we had in mind.'" MORE >> |
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