Labor to shine light on hidden 401(k) fees

Friday - 8/28/2009, 10:15am EDT

Phyllis Borzi

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How much money you actually have in your 401(k) might surprise you - especially if you aren't aware of the fees that some plans charge. The Department of Labor is working on a regulation that would require employers to make this information more understandable and more readily available. Phyllis Borzi is the Assistant Secretary of Labor for the Employee Benefits Security Administration.