DOL Updates Guidance On Fee Disclosure Rules

Law360, New York (August 1, 2012, 4:37 PM EDT) -- The U.S. Department of Labor on Monday updated the guidance on its new retirement plan fee disclosure rules, backing off a controversial requirement for plan sponsors involving the monitoring of investments in brokerage windows.

The agency released a new Field Assistance Bulletin that replaced language from an earlier bulletin that suggested plan sponsors would have to monitor investments in brokerage windows — which allow 401(k) plan participants to invest a portion of their accounts outside of the specified investment funds offered by the plan — at...
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