White House Rules Aim To Widen Retiree Benefit Options

Law360, New York (February 2, 2012, 5:05 PM EST) -- The Obama administration released new regulations Thursday designed to make the costs of sponsoring 401(k) and pension plans more transparent and make it easier for employers to offer retirees more ways to manage how they receive their benefits.

The U.S. Department of Labor issued a final rule requiring service providers to supply pension plans' sponsors with the information they need to evaluate whether the fees they pay are reasonable and whether the service providers have any conflicts of interest that could affect their ability to fulfill...
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