Labor Department weighs in on fee brouhaha; Its 401(k) rules are the preference of some lobbyists.(News)

Investment News,  March, 2007  

Tags: 401(k) plan, U.S. Department of Labor

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Byline: Doug Halonen WASHINGTON - The Department of Labor has put the issue of enhanced 401(k) fee disclosure on its agenda, a move that could take some of the wind out of the sails of a legislative threat. The Labor Department will "soon'' seek comment on ways to "improve the current disclosures applicable to participant-directed individual [retirement] account plans,'' according to a March 6 department news release.

According to the release, a proposed regulation on new disclosure requirements could be published in the Federal Register later this year. ...

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