Labor Department mulls 401(k) fee disclosure
The Department of Labor is continuing to work toward solutions for improving delivery of information on administrative and investment fees to 401(k) plan participants.
The Department of Labor is continuing to work toward solutions for improving delivery of information on administrative and investment fees to 401(k) plan participants. A recent report released by the General Accountability Office recommended both statutory and regulatory changes to improve disclosure of fees and expenses to plan fiduciaries and participants. Comments to DOL on the subject were due in July. For more information, visit http://www.dol.gov/ebsa/regs/fedreg/proposed/2007007884.htm
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