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.
"It created a great deal of angst, so we met with the DOL on the issue and they demonstrated that they're not at all interested in backing off," he said. "They're very process-driven. And suddenly they were making the rules."
The subsequent release of FAQ 39 indicates that the department may have changed its mind on the issue.