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