DOL Offers New Fee Disclosure Rules For 401(k) Plans

Law360, New York (July 24, 2008, 12:00 AM EDT) -- The U.S. Department of Labor has proposed a new rule that would give around 65 million 401(k) plan participants more information about their retirement investments and would save beneficiaries almost $6.1 billion over the next decade.

The proposed regulation would require plan fiduciaries to offer investment-related information, including returns, fees and expenses information, in a comparative chart form. Providers would also have to disclose basic information about the plan and investment instructions on a periodic basis, the DOL says.

Over the past few years, many U.S....
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