Christopher Carosa, CTFA posted an update in the group Fees 9 years, 2 months ago
Why a Fee Disclosure? It’s just not working. In fact, does it have any meaning at all, other than to confuse plan participants? It’s one thing to place the burden of discerning the value of fees on the plan sponsor for, after all, that is their fiduciary duty. But why bring the plan participant in it? It’s not like they can do anything about it.
[bpfb_link url=’http://www.benefitspro.com/2015/04/08/what-went-wrong-with-401k-fee-disclosure’ title=’What went wrong with 401(k) fee disclosure? | BenefitsPro’ image=’http://media.benefitspro.com/benefitspro/article/2015/04/08/groucho.jpg’]A funny thing happened on the way to transparency. It’s called apathy.[/bpfb_link]
Fiduciary News
Hosting an industry conference? Ask us about including it in this ticker.
