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New Disclosures Give Participants a Better Look at 401(k) Fees
STLtoday.com
Aug. 31, 2012 "If you've already thrown away the new disclosure document, you'll get another chance to focus on fees in October, when the next phase of new 401(k) rules kicks in. Your quarterly statement will show, in dollars and cents, exactly how much you paid in investment expenses, administrative costs and other fees. That disclosure is likely to get employees' attention, 401(k) consultants say. After a few concerned workers call the human-resources department, the company may start a review to determine whether its fees are reasonable." MORE >> |
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