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Sponsors of Participant-Directed 401(k) Plans Should Not Ignore the Proposed Disclosure Requirements

By Stuart A. Sirkin
August 28, 2008

Employers sponsoring participant-directed 401(k) plans face a quandary with respect to all the new fee disclosure requirements being put forth by the Department of Labor. While it is clear that there will be extensive new rules for plan sponsors requiring disclosure of plan and service provider fees to participants, gathering of fee data from service providers in order to make reasonable decisions, and reporting of fee information to the government, it is far from clear when these rules will be effective.

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