Befuddling Fees
62% of employees said they do not understand fees, which may indicate a need for employers to educate their workforce
62% of employees said they do not understand fees, which may indicate a need for employers to educate their workforce
A recent rule that requires companies that service 401(k) plans to disclose what they are charging employers for their services is leaving many small business owners with more questions than answers, according to a new study.
What you may not know about 401(k) fee disclosures
Service providers have spent much time, effort, and expense (sometimes great) in complying with the Department of Labor’s service provider fee disclosures, effective July 1, 2012.
Industry groups are urging DOL to end paper disclosure requirement
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