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    Final Rule issued on 401(k) Fees

    You might recall last week I wrote about the DOL's new rule requiring disclosure of fees and expenses associated with management of their 401(k)-type retirement plans.  At that time, the proposed rule was available.  The DOL has now issued the Final Rule on Fiduciary Requirements for Disclosure in Participant-Directed Individual Account Plans.  As anticipated, the Final Rule requires that a plan provide the following information:

    1. General Plan Information
    2. Administrative Expenses Information
    3. Individual Expenses Information
    4. Statements of Actual Charges or Deductions
    5. Investment-Related Information
    6. Performance Data
    7. Benchmark Information
    8. Fee and Expense Information
    9. Internet Website Address
    10. Glossary

    For compliance assistance or with questions, please contact your attorney at Fox Rothschild.
     


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