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The Department of Labor’s Employee Benefits Security Administration issued on Monday guidance to help plan administrators and service providers comply with the requirements of new rules 408(b)2 and 404(a), which are designed to improve the transparency of fees and investment expenses in retirement plans.

The guidance—Field Assistance Bulletin No. 2012-02—includes a set of frequently asked questions and answers. A total of 38 questions regarding a variety of so-far-unanswered issues are explained; the link above includes a full list of the material covered.

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