Tuesday, December 18, 2012

401(k) Fee Disclosures May Fall Short | Synopsis

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401(k) Fee Disclosures May Fall Short

Our crate of Tiger has arrived. Driver doing donuts in the meantime #vietnam #phuquoc #namafia
Our crate of Tiger has arrived. Driver doing donuts in the meantime #vietnam #phuquoc #namafia by astrangelyisolatedplace
License (according to Flickr): Attribution License
Excerpt:

Quarterly 401(k) statements have always been vague at best regarding the fees that are being deducted from your accounts. New federal rules concerning these fee disclosures were supposed to change all this, creating new clarity so that employees could easily see just how much they're paying to whom for what. But, as is often the case with new regulations, the federal rules aren't having the intended effect — at least not yet. Instead, the large companies that provide these plans are testing the regulatory waters by disclosing fees in account statements in less-than-transparent ways, making it extremely difficult for employees to figure them out.

401(k) Fee Disclosures May Fall Short

Additional Info:

Organization: DOL

Overall Sentiment: 0.128025

Relevance: 0.811091

Organization: U.S. Department of Labor

Overall Sentiment: 0.111344

Relevance: 0.584627

Organization: government

Overall Sentiment: -0.214034

Relevance: 0.480588

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