Benefits Biz Blog
Welcome
Welcome to our new blog! The Benefits and Executive Compensation Group at Baker & Daniels is pleased to start this new forum for topical employee benefits issues. In addition to discussions of how benefit law developments affect plan sponsors and participants, we will often chime in on how retirement plan vendors may also be impacted by the issue of the day. We are also hopeful to have the occasional guest commentator, and perhaps even an interview or two.
Your comments are welcome and invited! We will post comments that seem to further whatever discussion is at hand (which can be anonymous at your request).
We look forward at having a bit of fun at this venture. Hope to be hearing from you.
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"While we have no visions of grandeur that the Department will call it quits and drop their whole fee-disclosure initiative, comments setting the real-world context of the proposal's effects may help make the rules more workable, and ultimately more effective."
Couldn't agree more with this laudable objective. We need a good balance between sufficent and meaningful disclosure standards (particularly to head off additional legislative initiatives) and recognition that 1. generating these documents and providing this information is very costly, and 2.fiduciaries need to be able to effectively utilize the information and make appropriate evaluations based on it.