"There are several ways in which already-existing [DOL] initiatives, if adopted, would improve the situation the professors describe without getting the government involved in designing plan menus and testing participants. Vendors, and not just individual plan fiduciaries, are responsible for the ways fees are set and how investments are chosen today.... When market practices that do not adequately control for conflicts of interest are reined in, fiduciaries such as investment committees will be able to provide better investment menus with lower fees without government mandates."  MORE >>