Participants in 401(k) and other defined contribution (DC) plans would receive broad new disclosures about administrative and investment-related fees, under regulations proposed by the Department of Labor (DOL). The new guidance, issued July 23, is the last of three DOL initiatives designed to promote rigorous fiduciary monitoring and disclosure of DC plan fees and expenses. This Update outlines the different types of new disclosures and discusses actions that plan sponsors should take to prepare for compliance. (Update, 2 Sep 2008, 1 page)
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