The Big Loophole in the DOL Fee Disclosure Regulations
4 Pages Posted: 26 Oct 2012 Last revised: 21 Dec 2012
Date Written: October 26, 2012
Abstract
401(k) fee disclosure has a big loophole in one of the largest asset classes. Stable value, or guaranteed funds, typically constitute 10-40% of assets in most 401(k) plans and have varied and complex structures which complicate fee disclosure. Billions of dollars in what I call spread based fees remain undisclosed under the new US Department of Labor (DOL) fee disclosure rules.
Keywords: 401(k), DOL, Stable Value
JEL Classification: G22, G23, G28
Suggested Citation: Suggested Citation
Tobe, Christopher B., The Big Loophole in the DOL Fee Disclosure Regulations (October 26, 2012). Available at SSRN: https://ssrn.com/abstract=2167341 or http://dx.doi.org/10.2139/ssrn.2167341
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