DOL proposal calls for more disclosure about employers’ 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
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DOL proposal calls for more disclosure about employers’ 401(k) fees

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in Human Resources

New regulations proposed by the U.S. Department of Labor (DOL) would require fiduciaries of 401(k) plans to disclose more information to employees about plan-related fees and investment performance.

The goal: Allow employees to “peek behind the curtain” of the fees they pay for their 401(k)s and, thus, keep investment companies on their toes.

The proposed rules are part of several DOL initiatives to make plan expenses and investment fees more transparent to both plan sponsors and plan participants.

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