LAS VEGAS — File this one in the "if it makes sense, don't count on the feds to get it" file.
Just last week, the Department of Labor threw out a couple of new rule ideas that would at least part the shrouded veil draped over 401(k) fees. But they can't even get that right.
The proposed rules — set to kick in Jan. 1 — complicate what should be a pretty simple fix. See, the feds want the different fees disclosed in separate documents, at different intervals and in completely different ways. Yeah, I know. We need more paperwork, right?
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
