Revolution in the streets may be a great soundbite for Donald Trump, but in the retirement planning business, the public outcry – or any reaction at all to recent 401(k) fee disclosures - appears to have been overestimated.
In fact, the Plan Sponsor Council of America's October survey of fee disclosure's impact on participants shows a 1.4 percent jump in the number of 401(k) investors who quizzed their plan sponsors about the details included in those disclosure statements.
Admittedly, those numbers may jump next week when the next round of more detailed fee disclosures are issued on Nov. 14, but PSCA says the early indications are a resoundingly neutral reaction to disclosures thus far.
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