Plan sponsors quietly harbor fears that they don't really understand the costs well enough to adequately explain them to participants, according to a recent survey by Chatham Partners
By Staff Writer|April 01, 2008 at 08:00 PM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Plan sponsors quietly harbor fears that they don’t really understand the costs well enough to adequately explain them to participants, according to a recent survey by Chatham Partners. The fact that 77% of those surveyed say current disclosure levels are sufficient doesn’t jibe with the fact that only 25% are “very confident” that they truly grasp the investment plan’s cost components, says Andrew McCollum, Chatham managing director. “Plan sponsors are starting to realize what they don’t know about fees,” he says. “The collective epiphany is going to play into the hands of retirement plan providers at the leading edge of full disclosure.”
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices,
case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.