Coming Soon: 401K Plan Disclosure Rules Take Effect
If your company has a self-directed 401K plan, there are new disclosure rules that take effect no later than Aug.30, 2012. The U.S. Department of Labor (DOL) legally requires the plan sponsor to disclose in writing the fees and other “reasonable” nature of the funds selected in the plan. Additionally, specific Employee Retirement Income Security Act (ERISA) language requires plan sponsors to […]