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Focus shifts to Nov. 14 participant-level fee statements

Focus shifts to Nov. 14 participant-level fee statements

By Paula Aven Gladych | Updated on October 01, 2012

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 due by the end of August 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 they’ve spent on fees, says Dan Weeks, founder, COO and executive vice president of plan sponsor solutions for San Diego-based BrightScope.

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