David Pearson Quoted in Human Resource Executive Regarding Disclosing Retirement Plan Fees
Attorney David Pearson, a partner in the firm's Employee Benefits practice, was quoted in Human Resource Executive in an article about disclosing retirement plan fees.
Disclosing Retirement-Plan Fees
As the Wal-Mart case suggests, the impact for some may be significant. The new rules will bring "sunshine to the fee situation," says David Pearson, a partner with the national labor and employment law firm Constangy, Brooks & Smith in Atlanta.
"Currently it is very difficult for an employer who sponsors a retirement plan to determine what compensation service providers are being paid, since the fees and charges for these services are often complex, indirect or bundled," he says.
