Ever since the Department of Labor released retirement plan sponsor fee disclosure (Section 408(b)(2) regulation that will finally take effect on July 1, 2012, people have been wondering how this will change the 401(k) industry. For those who believe in fee disclosure, they think these regulations are a gift from the almighty. For those who are against full fee disclosure, they think these regulations are a sign of Armageddon for the 401(k) industry. While we won’t know how regulations will change the 401(k) industry until they actually take effect, we can guess what will happen, what won’t happen, and what may happen after July 1, 2012.