- Only 19.1 percent of 403(b) plan sponsors sent out requests for proposals (RFPs) or requests for information (RFIs) as part of complying with the new regulation.
- One-third of plan sponsors used fee disclosure information to benchmark their plans.
- Just 2.3 percent of participants asked questions about the fee disclosure information they received.
- An overwhelming majority (95.9 percent) of plan sponsors reported no changes in participant behaviors as a result of fee disclosure.
For more news and insights from The Principal, connect with us on Twitter at http://twitter.com/ThePrincipal.About the Principal Financial Group The Principal Financial Group ® (The Principal ®) 1 is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services through its diverse family of companies. Founded in 1879 and a member of the FORTUNE 500 ®, the Principal Financial Group has $392.2 billion in assets under management 2 and serves some 18.3 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com. 1 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 2 As of September 30, 2012.