Finger-pointing on fees: Fund execs blame complex DOL rules

September 2008
Employee Benefit News;Sep2008, Vol. 22 Issue 12, p65
The article reports that investment fund executives are blaming the complexity of the U.S. Department of Labor's rules regarding 401(k) fees for the negative effects of excessive 401(k) fees. It is perceived that excessive fees tarnish the reputation of all 401(k)s and shake investor confidence in these funds. According to Michael Hadley, associate counsel for pension regulations at the Investment Company Institute, plan sponsors do not understand the fees.


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