A small piece of good news related to more government regulation: This year's raft of required fee disclosures don't seem to have created a rocky road for 403(b) plan sponsors.
A new Plan Sponsor Council of America survey of those managing 403(b) plans, sponsored by Principal Financial Group, indicates that both sponsors and participants have adapted pretty well to the new changes, with very few in either group making major changes as a result of the new fee information.
Most importantly, just over 19 percent of 403(b) plan sponsors sent out RFPs or RFIs as part of complying with the new regulations, and only 2.3 percent of participants actually asked questions related to the fee disclosure information they received.
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