Now that retirement plans are required to disclose their fees, it's up to participants and their financial advisors to wade through the information to find out what the costs of their plans really are.

Philip Rousseaux, founder and president of Everest Wealth Management Inc.,  points out that companies have had to be more transparent since fee disclosure regulations went into effect in July 2012, but that hasn't really been the case.

Many companies dump a lot of documents on their participants and expect them to find out what fees they are paying, in general, if they have the stamina to dig through everything provided.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.