Labor Department Delays 401(k) Fee Disclosure

Reader Comments
Back to blog

Hello,
If you are a plan sponsor and have not taken the steps to adhere to 408(b)2 fee disclosure, please contact me for a benchmarking analysis of your plan.
https://home.wellsfargoadvisors.com/kenneth.lang

Ken of OH 10:15PM April 19, 2012

www.Set401kMoneyFree.org
Join the fight to set 401k money free!
End the manipulation, control and financial oppression of the people’s money.
The 401k system of retirement and others like it, hold Americans and their money hostage. The people are locked into losing Wall Street solutions with limiting investment options, no guarantees of retirement income and a lifetime of fees. At present, laws allow the full removal of 401k funds only at retirement or separation from service. We deem this as a form of financial oppression. We believe that the removal of one’s own money should be allowed at any age regardless of the reason.
Join our cause. Sign the petition to set 401k money free.
www.Set401kMoneyFree.org

Tiffany Nobel of CA 5:56PM February 17, 2012

It seems odd that they would delay the start of this common sense rule to allow 401k participants to see what fees and expenses are being taken from their account. Why would they delay something as important as this - I'm guessing it might be an administrative nightmare for many companies and "sticker-shock" for 401k participants. http://www.401kfeesandexpenses.com/

DanielR of DE 10:34AM February 15, 2012