Earlier this year, Fiduciary News presented a four-part series on the DOL's new mutual fund reporting requirements. These requirements were scheduled to take effect in July, but the effective date has been moved to next April.
Fiduciary News test drove these new compliance procedures using the DOL's own suggested Model Comparison Chart and BrightScope's listing of the top 10 most widely held 401(k) mutual funds. The results astonished our readers in many interesting and intriguing ways.
The US Labor Department (DOL) issued a news release on Oct.14, 2010. The release outlined the DOL's final mutual fund fee disclosure rule to "improve transparency of fees and expenses to workers with 401(k)–type retirement plans."
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
