While reforms like the fee disclosure rules from the U.S. Department of Labor (slated to take effect July 1) are positive steps, the Demos model described in their report shows how listing fees on account statements will not address the other factors that keep fees high nor fix the structural weaknesses in the current risky, individualized retirement system.

FORBES: 401k Expenses Still a Pernicious Rip-Off

Bradley Weitz and his Florida colleague Adam Shore, who between them have filed more than 200 similar suits in New York courts since 2009, seeking injunctions to fix the alleged violations of disabilities laws and rich, court-ordered fees for themselves.

FORBES: Judge Raps Disability-Lawsuit Mill After `Client' Disappears