DRAFT TESTIMONY ON DISCLOSURE TO PLAN SPONSORS AND PARTICIPANTS FOR SUBMISSION TO THE ERISA ADVISORY COUNCIL; COMMENTS REQUESTED

[17976] September 14, 2004 TO: PENSION COMMITTEE No. 43-04 RE: DRAFT TESTIMONY ON DISCLOSURE TO PLAN SPONSORS AND PARTICIPANTS FOR SUBMISSION TO THE ERISA ADVISORY COUNCIL; COMMENTS REQUESTED As we previously informed you, the ERISA Advisory Council is currently studying fee and related disclosures provided to plan sponsors and participants.1 The Institute is scheduled to testify at a meeting of the Council on September 21. Attached for your review is draft testimony for submission to the Council. Please provide any comments on the draft by close of business, Thursday, September 16, to the undersigned (at tkim@ici.org or 202-326-5837) or Kathy Ireland (at kireland@ici.org or 202-371- 5432). Thomas T. Kim Associate Counsel Attachment (in .pdf format) 1 See Institute Memorandum (#17821) to Pension Committee No. 34-04, dated July 29, 2004; Institute Memorandum (#17893) to Pension Committee No. 38-04, dated August 13, 2004.