12b-1 fee rule would burden retirement plans: SPARK

Published Updated 2 Min Read

The SPARK Institute has sent a comment letter to the Securities and Exchange Commission asking it to modify its proposed 12b-1 fee rule.

SPARK wants retirement plan funds to be able to charge up to 75 basis points, rather than only 25 BPS, under the new distribution Rule 12b-2, as long as the fund provides a breakdown between the sales and non-sales portions of the fee.

Lee Barney
Editor-In-Chief

Lee Barney has been the editor of Money Management Executive since 2002 and has been writing about Wall Street since 1993. Previously, at United Media’s Wall Street & Technology magazine and … Read full bio


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