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401(k) fee transparency rules require employers to ask hard questions

Published
  • October 01 2011, 1:00am EDT

Historically, the retirement industry hasn't been required to publish all fees and expenses associated with 401(k) products. That's about to change.

The Department of Labor noticed that the majority of 401(k) plan sponsors are in the dark regarding the fees they're paying. To add insult to injury, most are under the impression that their plan is free.

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