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New 401(k) fee rules: What you need to know

Over the last 12 months, the U.S. Department of Labor and the Securities and Exchange Commission proposed several rules, regulations and legislation that will soon change retirement planning for allinvestment companies, employers and investors.

By Staff Writer | Updated on July 01, 2011

Over the last 12 months, the U.S. Department of Labor and the Securities and Exchange Commission proposed several rules, regulations and legislation that will soon change retirement planning for all—investment companies, employers and investors. Of all the recently issued regulations, those concerning 401(k) fee disclosures have been the most talked about.

In sum, the DOL issued final regulations that will soon require investment companies to disclose the hidden fees they are charging investors participating in 401(k) plans and other defined contribution plans. This new regulation will require plan providers to report to investors, typically the employees of plan sponsors, the direct and indirect compensation received in connection with account services and take effect July 16.

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