Filed Under:Your Practice, Regulatory

Mandated DC fee disclosure has little positive impact

Half of defined contribution participants do not know how much they pay in plan annual fees and expenses, a figure unchanged by the implementation of fee disclosure regulations in 2012, new research shows.

LIMRA, Windsor, Conn., discloses this finding in a summary of results from a survey of defined contribution plan participants. LIMRA conducted the poll before and after plan participants received information about their plans’ fees and expenses to determine how effective the disclosure statements were and how participants would react. 

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Nichole Morford

Nichole Morford
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