Lilly presents comments to DOL ERISA Advisory Council Working Group on 401k Fees

Posted July 1st, 2007 by IFS
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On September 20, 2007 Frank Lilly, Chairman and CEO of IFS presented comments and suggestions to the United States Department of Labor, 2007 ERISA Advisory Council Working Group on Fiduciary Responsibilities - Update and Revenue Sharing. His presentation suggested how the DOL could bring greater transparency to the participant directed 401K market to assist plan participants and plan sponsors in their decision-making. Lilly suggested standardizing terminology and reporting with respect to 401K plan fees, costs and services.

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A copy of his presentation may be found here.