Earlier this year, Fiduciary News presented a four-part series on the DOL's new mutual fund reporting requirements. These requirements were scheduled to take effect in July, but the effective date has been moved to next April.
Fiduciary News test drove these new compliance procedures using the DOL's own suggested Model Comparison Chart and BrightScope's listing of the top 10 most widely held 401(k) mutual funds. The results astonished our readers in many interesting and intriguing ways.
The US Labor Department (DOL) issued a news release on Oct.14, 2010. The release outlined the DOL's final mutual fund fee disclosure rule to "improve transparency of fees and expenses to workers with 401(k)–type retirement plans."
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