Industry insiders worry that these initiatives will force advisers to complete mounds of paperwork that will be ignored by plan participants. Second, it will require service providers, such as advisers, to disclose indirect compensation to plan sponsors.įinally, it will mandate disclosure of indirect compensation to plan participants. First, it will require plan sponsors to disclose indirect compensation to the government. ![]() The Labor Department plans to take a three-pronged approach to improved fee disclosure. ![]() CHICAGO - As the Department of Labor puts pressure on advisers to make 401(k) fees more transparent, some financial advisers are refunding fees to participants that they are being paid from mutual fund companies.
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