Labor Department continues mulling new 401(k) disclosures
The Department of Labor has proposed a rule intended to boost disclosure to fiduciaries of 401(k)s and other employee benefit plans.
The Department of Labor has proposed a rule intended to boost disclosure to fiduciaries of 401(k)s and other employee benefit plans. The proposal, which aims to help fiduciaries evaluate certain financial information and more, would require contracts between certain service providers, and plans to disclose detailed information about associated compensation and potential conflicts of interest. For better details, visit dol.gov/ebsa/regs/fedreg/proposed/2007024064.htm.
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