In a recent survey of over 400 plan sponsors ( http://www.plansponsor.com/Fee_Disclosures_Had_Negligible_Effect_on_Participants.aspx ), it was found that only 1% of plan sponsors participating in the survey reported seeing positive or negative changes in participant behavior. Is it surprising? If a plan participant has an issue with fees what can he/she do about it?
I’m not surprised. Most people would be hesitant to do anything. Who wants to be considered as a trouble maker in the eyes of HR or management?