DOL to require more disclosure of 401(k) fees — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

DOL to require more disclosure of 401(k) fees

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Starting Jan. 1, 2012, employers will need to more clearly spell out—in quarterly statements—the fees charged by their 401(k) plan so employees can comparison shop among the plan’s investment options, say new Department of Labor rules released Oct. 14.

A recent Transamerica survey found that while most employers think their workers are cognizant of 401(k) expenses, only 26% of employees are even aware they’re charged any 401(k) plan fees.

Find more about the DOL rule and a link to a model investment options chart at

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