premise: The analysis concludes that the quantifiable costs associated with the rule are $600,000 for the Pension Consultant exemption, $18,000 for the Nationally Recognized Statistical Rating Organization exemption, $300,000 for the Affiliated Adviser exemption, and $8,700 for the New Adviser exemption for a total of $926,700.
hypothesis: The quantifiable costs for the Pension Consultant exemption exceeded $600k for the first time in over 20 years.