SPARK Inst Part Fee Disclosure Comment 9-8-08 FINAL

714 HOPMEADOW STREET, SUITE 3 ROBERT G. WUELFING, PRESIDENT SIMSBURY, CT 06070 LARRY H. GOLDBRUM, GENERAL COUNSEL (860) 658-5058 Filed Electronically September 8, 2008 Office of Regulations and Interpretations Employee Benefits Security Administration Attention: Participant Fee Disclosure Project Room N-5655 U.S. Department of Labor 200 Constitution Ave., NW Washington, DC 20210 Re: Participant Fee Disclosure Project Ladies and Gentlemen: 1The SPARK Institute, Inc. appreciates this opportunity to comment on the proposed regulation regarding “Fiduciary Requirements for Disclosure in Participant-Directed Individual Account 2Plans” (the “Proposed Regulation”) issued by the Employee Benefits Security Administration (“EBSA”) on July 23, 2008. The SPARK Institute members include the retirement plan service providers, including record keepers and investment fund managers, who will be directly affected by any new fee disclosure rules. Many of our members are the service providers that will be called upon by plan sponsors to help facilitate compliance with the new participant disclosure regulations. 1 The SPARK Institute represents the interests of a broad based cross section of retirement plan service providers, including members that are banks, mutual fund companies, insurance companies, third party administrators and benefits consultants. Our ...