Isn’t it funny that on the same day that the Department of Labor issues the final rule on the Section 408(b)(2) fee disclosure regulations that they issue proposed rules on adding annuities back into 401(k) plans? To me it’s a mixed message or a strange sense of humor that the DOL is talking about fee transparency while apparently promoting the use of a financial product from an insurance industry that isn’t known for free transparency.
I’m just saying it seems to be a mixed message to me.