Pension Plan Fees

May 8, 2012 at 10:22 am Leave a comment

How do ethics play into fees?   How much is too much?   How much disclosure is enough?   Yesterday, the EBSA released a field assistance bulletin (FAB) located at http://www.dol.gov/ebsa/regs/fab2012-2.html.  The FAB provides more guidance on recent regulations.

As practitioners, we need to obtain and disclose the information.  Rather than just considering the disclosures as the cost of doing business, let’s step back and consider why these fee disclosures are important.  Greater information requirements can allow for better comparison of investment choices.  Without this transparency, it is difficult to instill accountability.

Have you ever tried to make a decision without full information?   How can you try to make a change whether it’s an investment choice or trying to find better investment choices for others when you are missing the facts?

I look forward to sharing my thoughts in my next post.  Have a wonderful day!

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

@ChristineGurney

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