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DOL Proposes Participant Fee Disclosure Rules Prudential Form

DOL Proposes Participant Fee Disclosure Rules Prudential Form

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proposed legislation for me is a no-brainer um it is when it comes to fees is one of those prime examples textbook examples of market failures and we can make the markets the retirement markets work a lot better and thereby show up retirement security for millions of american families who've lost even after recovering the markets 14.9 trillion dollars in total wealth during the crisis obviously families feel enormous pressures especially lower and moderate income families for enormous pressures to rebuild their wealth as fast as they can but there are a number of obstacles and i want to highlight three of them that are important today first typically only little over half of all private sector workers have even access to retirement savings plans at their employee employers that's clearly market failure employers are often reluctant to offer uh these plans despite the tax incentives to do so because of the complexity that is associated with the market the the costs that

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