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....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.