The Aug. 30 retirement plan participant fee disclosure deadlinewill come and go with nary a blip on the radar screen, but comeNov. 14, when plan sponsors must release their first quarterlyupdate, the phones could start ringing off the hook.

The disclosures that are due by Thursday will only add a coupleof columns to a plan participant's usual disclosure documents, butthe Nov. 14 deadline will give them actual dollars and cents thatthey've spent on fees, said Dan Weeks, founder, COO and executivevice president of plan sponsor solutions for San Diego-basedBrightScope.

The problem with the participant-level fee disclosure is that “nothing in theregulation forces anyone to put anything in context for theparticipants,” he said. The first disclosure plan participantsreceive will look much like the prospectuses they now receive inthe mail so they will “go over their heads.”