Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)

RPA
(Remote)

RPA logo

Education Consultant

Pentegra
(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



Why Isn't 401(k) Fee Disclosure Working?
Fiduciary News; free registration requiredLink to more items from this source
Apr. 7, 2015
"Beyond apathy ... is the lack of user-friendliness when it comes to the disclosure documents.... Even if the plan participant is brave enough to dive into those many pages, they may not be properly equipped to discern the true meaning of all those numbers.... The 401k industry takes great care to push automatic features.... While there may be definite benefits to using inertia to benefit the savings behavior of the participant, it could also inadvertently be disengaging the individual.... If there's a problem of financial literacy on the employee end of the equation, then there may be a problem of fiduciary literacy on the employer's end.... Who needs fee disclosure when you have Jerry Schlichter?"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.