Fee disclosures good for participants, DOL's Michael Davis says
Some gray areas still abound as deadlines approach, especially in the multi-employer plan arena, but the rules should help participants.
By Staff Writer|March 21, 2012 at 07:04 AM
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Retirement historically has been about accumulation. Now it’s all about decumulation,” Michael Davis, deputy assistant secretary of the DOL’s Employee Benefits Security Administration, speaking at the 2012 ASPPA 401(k) Summit on Monday in New Orleans.
Davis and ASPPA CEO Brian Graff opened the second day of the conference with an enlightening conversation about the pace—and the considerable gray areas remaining—in this countdown to the rollout of full fee disclosure in the industry.
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