Life after fee disclosure

[...]Scialabba sees a rise in the level of consultants who will fill this void by comparing investment provider fees for plans sponsors and fiduciaries. Not only does this allow plan sponsors to provide participants with a better plan, but should the DOL's law-enforcement arm, the Employee Bene...

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Bibliographic Details
Published inBenefits Selling. Breaking News
Main Author Black, Pam
Format Trade Publication Article
LanguageEnglish
Published New York ALM Media Properties, LLC 12.06.2013
Subjects
Advisors
Deferred compensation
Disclosure
Fees & charges
Retirement plans
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Summary:[...]Scialabba sees a rise in the level of consultants who will fill this void by comparing investment provider fees for plans sponsors and fiduciaries. Not only does this allow plan sponsors to provide participants with a better plan, but should the DOL's law-enforcement arm, the Employee Benefits Securities Administration or EBSA, come calling, the plan has proof that it's fulfilling its fee disclosure duty or "demonstrated prudence under the new regs," says Marsh.