ON THE RECORD
“We believe that overly detailed, lengthy disclosures on plan fees and costs may impair, rather than enhance, participants’ ability to make informed decisions regarding their participant-directed plan investments.”
— Treasury Benefits Tax Counsel W. Thomas Reeder,
at the House Ways and Means Committee’s hearing
on retirement plan fees and expenses, Oct. 30.
Source: U.S. Department of the Treasury, www.treasury.gov.