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News Summary: New 401(k) fee disclosures coming
Thursday - 7/5/2012, 5:54pm EDT
(AP) - NEW DISCLOSURES: It should get easier to assess how much 401(k) participants are paying to invest. By Aug. 30, most investors can expect to get new 401(k) fee disclosures from their employers as a result of new federal regulations.
WHAT THEY'LL SHOW: Expenses charged by each mutual funds included among a plan's investment options, along with fees charged to administer the plan.
WHAT THEY WON'T SHOW: Employers aren't required to provide a single-number summary of how much an investor is paying overall. And don't expect comparisons with average fees at other plans or some other benchmark.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)