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December 1, 2010
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EBSA Requires 401(k) Fee Transparency
In the wake of a spate of high-profile employee class action lawsuits on excessive 401(k) fees, the Employee Benefits Security Administration (EBSA) has jumped into the fray with the publishing of a final rule of the transparency of fees and expenses associated with 401-(k)-type retirement plans.
Plan administrators will now have to provide detailed, plain-language breakouts of all fees and exp...
