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Retirement Plan Fee Disclosure Is Game of Hide-and-Seek
Institutional Investor Link to more items from this source
Feb. 13, 2014
"The fee burden ... that thousands of employees take on when they are encouraged to defer part of their salary into company-offered retirement plans is not likely to go away any time soon.... According to an April 2012 report by the [GAO] nearly 90 percent of employers surveyed either had not assessed their plan fees using [DOL] resources or did not know their fee levels.... This is not how things were supposed to be after the DOL brought out its fee disclosure regulation... following years of criticism about high fees from a range of stakeholders, including investor groups and the GAO. This latest regulation is likely to be just another step on the long journey to a rationalized retirement income system in the U.S."

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