Not to say that anyone told you so, but fee disclosure regulations have not exactly set the participant world on fire.
Nonetheless, with the next round of more detailed participant information scheduled for Nov. 14, Craig Hoffman, ASPPA general counsel and head of the organization's regulatory affairs division, said that the fee disclosure issue will continue to vex plan administrators and advisors for years to come – so it's important to pay attention to the rules.
Speaking Tuesday at the organization's annual meeting, Hoffman admitted he did an experiment of his own when his ASPPA 401(k) fee disclosure statements came in the mail.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.