Under a bill approved along party lines by the House Education and Labor Committee on April 16, retirement plans would have to provide greater transparency on the fees that they charge participants. A vote on the House floor later this year may be the end of the road for the bill until 2009. The House labor panel bill would require 401(k) sponsors to list fees in four categories -- administrative, investment management, transaction and other areas. The bill also would require 401(k) plans to provide information on the historical risk, returns and fees on each investment option.
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"HOUSE 401(k) FEE DISCLOSURE BILL UNLIKELY TO PASS IN '08"Please download to view full document