June 11, 2012
--- Phyllis Borzi, assistant secretary for the Employee
Benefits Security Administration (EBSA), announced tools to help participants
understand fee disclosures. ---
In her retirement security
newsletter for plan participants, Borzi said the EBSA offers consumer-focused
FAQs that explain the new rules for disclosures about 401(k) services and
investment fees. In addition, the agency has a publication, A Look at 401(K)
Plan Fees, which includes explanations of various fees and charges and a
checklist participants can use to review plan fees.
The consumer-focused FAQs are here. The
publication can be seen here.
Retirement plan sponsors and
participants can subscribe to Borzi’s newsletter at this site.