Chicago paper puts brakes on surprise 401(k) fee
An uproar among Chicago Sun-Times newsroom employees has helped reverse a surprise fee slapped on their retirement plans.
401(k) fees a mystery for most participants, AARP finds
Participants in 401(k) plans are “largely unaware” of fees that they pay, according to an AARP report based on a survey conducted by the organization.
7 Conflicts of Interest in Your 401(k) Plan
Employer-sponsored 401(k) plans are riddled with conflicts of interest, according to a Government Accountability Office report released this week.
GAO Slams 401(k) Plans for Conflicts of Interest
The nation’s 401(k) retirement plans are riddled with conflicts of interest that are causing financial damage to tens of millions of savers, according to a Government Accountability Office report released today titled Improved Regulation Could Better Protect Participants from Conflicts of Interest.
DC plan fee disclosure rules delayed
Defined contribution plan providers got a reprieve Friday on new fee disclosure rules after the Department of Labor’s Employee Benefits Security Administration pushed back the applicability date to Jan. 1, 2012.
New Fee Disclosure Rules: No Threat to Mutual Fund Providers
Mutual fund providers are expecting to make a largely smooth transition when new fee and disclosure requirement take effect for firms that sell investment products into the 401(k) and 403(b) plan markets.
How much does a 401(k) really cost?
When I was head of the Employee Benefits Security Administration (the Department of Labor agency charged with protecting pensions) during the Clinton administration, I became concerned about whether or not people who had 401(k) plans truly understood how much they were paying in fees and what those fees were for. So in 1997 and 1998, […]