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Focus shifts to Nov. 14 participant-level fee statements

Plan sponsors say Thursday's disclosure deadline will slip under the radar, but the real work begins with November's release of hard dollars-and-cents data.

By Paula Aven Gladych | Updated on August 28, 2012
Image credit: Digitalart

The Aug. 30 retirement plan participant fee disclosure deadline will come and go with nary a blip on the radar screen, but come Nov. 14, when plan sponsors must release their first quarterly update, the phones could start ringing off the hook.

The disclosures that are due by Thursday will only add a couple of columns to a plan participant’s usual disclosure documents, but the Nov. 14 deadline will give them actual dollars and cents that they’ve spent on fees, said Dan Weeks, founder, COO and executive vice president of plan sponsor solutions for San Diego-based BrightScope.

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