So the final days before Aug. 30′s first deadline for 401(k) participant fee disclosures are underway, and there's already good evidence that the extra information will be helpful – but probably totally ignored by most.

That's the consensus of LIMRA's recent study, which suggests that two-thirds of Americans with DC plans or IRAs spend less than five minutes reading the disclosures they've already been receiving. And one in five say they completely ignore the paperwork.

As has been evidenced in other recent research, younger employees – who sense they'll probably be shut out of Social Security benefits as they age – say they do actually spend more time reading their disclosures, and are also more likely to proactively seek out information on their plan from their employers. Older employees, not so much.

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