Online July 25, 2008
Most observers were pleased with the proposed fee-disclosure regulation issued by the Department of Labor, which could take effect for the 2009 plan year. It requires both quarterly and annual disclosure, as well as information on investment performance. Critics say the proposal does not go far enough.
By Robert Stowe England
Reviews were mostly positive as experts and advocates began analyzing the details of a proposed Department of Labor regulation issues July 23 that would require plan sponsors to regularly disclosue a range of fees and expenses paid by participants in 401(k) and other participant-directed plans. To read more click this link: http://www.hreonline.com/HRE/story.jsp?storyId=113040034