ShareBuilder 401k has launched new online tools and resources to help companies and their employees better understand their new 401(k) fee disclosure statements and determine if they are paying too much for their plan.
A recent survey conducted by ShareBuilder 401k found that 83 percent of employers still have questions about their 401(k) fee disclosure notices and are unsure what to do next.
"The new 401(k) disclosures are intended to provide greater access to and understanding of 401(k) plans, but a lot of confusion remains," said ShareBuilder 401k President, Stuart Robertson. "These new tools are designed to help employees and employers better understand their 401(k) plans and inherent costs – and most importantly, learn ways to lower fees so they're positioned to save more for retirement."
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