DOL's Borzi hints at relaxed introduction to fee regulations
Plan sponsors will have an opportunity to modify their disclosures over the next year, as even the Department of Labor admits its regulations have been spottily rolled out.
By Andy Stonehouse|June 18, 2012 at 12:26 PM
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Plan sponsors may breathe a slight sigh of relief with news that they’ll have a year to massage the details on their fee disclosures, according to the Department of Labor’s own Phyllis Borzi.
Speaking to this year’s SPARK National Conference in Washington D.C. on Monday, EBSA’s assistant secretary offered a bit of insight on the motivations and directions for this summer’s impending free disclosure regs, but readily admitted that the pace of action has necessitated a slightly phased-in approach.
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