Friday, October 15, 2010

Obama administration acts to make sure investors get full information on 401(k) costs

On Oct. 14, 2010, The White House, in a blog posting by Jared Bernstein, announced that workplace 401(k) providers would be required to disclose their investment expenses to investors (employees and retirees), so that they can make much more informed choices. This should address the “investment class” vs. “retail class” problem.

The blog link is here.

The Department of Labor (Employee Benefits Security Administration, EBSA) actually has its own news release of this day, link here. It is the “final rule to improve transparency of fees and expenses to workers with 401(k)–type retirement plans.”

1 comment:

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