Feds want 401(k) fee docs (eventually)
March 6, 2012 by Jake Simms
No doubt some firms are scrambling because of the new 401(k) fee regulation. Here’s some great news:
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No doubt some firms are scrambling because of the new 401(k) fee regulation. Here’s some great news:
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Employerswho thought the Department of Labor might postpone the deadline for 401(k) fee disclosure are out of luck.
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Heads up: The feds just issued a final rule on investment advice for defined-contribution retirement plans – and it goes into effect Dec. 27, 2011.
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Ready or not, the Labor Department’s fee-disclosure requirements go into effect on Jan. 1.
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Good news: Companies have more time to comply with stricter fee-disclosure rules for retirement plans.
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Financial service firms can wait until Jan. 1, 2012 — or just get an early start now:
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