Plan Fee Disclosure

Due to claims by plaintiffs and concern in Congress that fees in employer-provided plans are too high, there have been demands for greater disclosure of information on fees. The Chamber supports disclosure and transparency of information that allows participants to make informed decisions about their investments. In order to benefit participants, however, such information should be useful and easily understood. Moreover, it is equally important that disclosure requirements are not unduly burdensome to employers—particularly if the information is not meaningful to participants. The Chamber will work to ensure that overly complex requirements for plan fee disclosure, generated in response to attention garnered from lawsuits and the Hill, are not implemented by statute.