Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Watch Out for Inadequate Disclosure Fees Charged to Your 401(k) Plan at Work|
Pension Rights Center
Oct. 18, 2021
"The [DOL] requires 401(k) plans to disclose the fees they charge. However, fee disclosures can be presented in a way that is not transparent and that include unfamiliar terms, such as asset-based fees. GAO found that 45 percent of participants are not able to use the information given in disclosures to determine the costs of their investment fees."
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