There is legislative change on the forefront.

The 401(k) Fair Disclosure for Retirement Security Act of 2007 (renamed Fair Disclosure for Retirement Security Act of 2008) passed in committee and is on its way to becoming a bill. The Act will help protect the 50-million Americans with retirement plans. The bill addresses two areas of concern--hidden fees and conflicts of interest.

As plan sponsor, the bill will require you to clearly disclose 1) all fees paid by the participant and 2) any financial or other conflicts of interest.

Fees include, but are not limited, to: Sales commissions; trading costs; start-up costs; investment advice and management fees; administration; legal compliance; trusteeship and recordkeeping, and termination or surrender charges.

The bill sponsor, Rep. Miller (D-CA) launched this effort to ensure that Americans planning for retirement come first.

Sounds like one of our core values.