The Department of Labor’s Employee Benefits Security Administration will require 401(k) plans starting Jan. 1, 2012 to clearly spell out all fees and expenses each quarter so that investors can more readily compare the costs of their holdings.
Plans will also have to give workers fee information upfront and make it available online, in a format that makes it easier for workers to comparison shop among all of the funds available in a plan. The fees will be expressed both as a percentage and in a dollar amount for each $1,000 invested.
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