A news release said the report is designed as a fee disclosure summary to help plan sponsors and their advisers gain control and oversight of plan-specific fees and expenses. The report highlights the allocation of specific fees and expenses charged for all available investment options.
“Plan sponsors have a fiduciary responsibility to understand the finer details of their plans,” said Ron Cohen, managing director and head of DWS Retirement Services, in the news release. “They need to know who is being paid from the fees charged to the plan and how much they receive for their services. At the end of the day, plan sponsors can’t manage what they can’t measure.”
More information is available here.