Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Image credit: Grant Cochrane

Plan sponsors were required to send out more detailed fee disclosure notices with their quarterly statements by Nov. 14, but many retirement industry experts don’t believe the quarterly statements will have much of an impact.

As part of participant-level fee disclosure, employers were expected to break out the actual dollars and cents participants pay for services in their defined contribution plans. Many companies, like Fidelity, who released their disclosures ahead of the deadline, have been surprised by the lack of phone calls from participants relating to the disclosures. Many in the industry thought that the third quarter disclosure notices would elicit more phone calls, but so far that hasn’t been the case.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.