A group of business organizations turned up the heat this week in its campaign against a proposed Department of Labor fee-disclosure guide.
The group, which includes the American Benefits Council, wrote a letter to the DOL complaining that the comment period was too brief and that they have concerns about the very way the need for the guide is being determined.
The idea is to force 401(k) plan administrators to do a better job of disclosing their fees, as reflected when the DOL's Employee Benefits Security Administration issued final regulations under ERISA section 408(b)(2) in early 2012.
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