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

Investment News, March, 2007

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. "We want to ensure workers receive meaningful fee and expense information that will help them make informed investment decisions,'' Bradford P. Campbell, acting assistant secretary of labor,...