401k expense disclosure

Well, no sooner do some start to disclose and the plan "advisors" start pushing back:

"The record keepers for some plans are already experimenting with new ways to explain fees to retirement savers. And in at least one case, those disclosures are raising more questions than employers or investment advisers want to answer.

Lincoln Trust of Denver, a 401(k) record keeper that has no proprietary investment products, has developed what it calls a “personalized expense ratio,” designed to help participants see the actual cost of the fees they’re being charged without having to do the math for themselves, says Tom Gonnella, Lincoln’s senior vice president of corporate development."

"Already, though, some advisers and plan sponsors have asked Lincoln to turn off the feature, because it’s making it harder for advisers to push specific products and plan sponsors are getting so many questions from employees.

“That’s been an incredible disappointment for me,” Gonnella says."

Shocking, say it ain't so!!!

WSJ

WSJ