There are some philosophical questions that just can't be answered. "If a tree falls in the forest, would anyone hear it?" "What if you threw a party and no one came?" "If you disclose 401(k) fees to participants and they can't do anything about it, does disclosure matter?"

The popular media simply loves to write stories about the fees paid by 401(k) plans and their participants. Its only natural they've been delighted by the DOL's Fee Disclosure Rule (408(b)-2) that became effective July first of this year.

Sometimes they go so far as to imply it's better to pay no fee at all. Of course, we all know why this isn't in the client's best interest (and if you don't know why, then read "What's a Fair Fee to Pay a Fiduciary"). 

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Christopher Carosa

Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).