June 11, 2012 — Phyllis Borzi, assistant secretary for the Employee Benefits Security Administration (EBSA), announced tools to help participants understand fee disclosures. —
In her retirement security newsletter for plan participants, Borzi said the EBSA offers consumer-focused FAQs that explain the new rules for disclosures about 401(k) services and investment fees. In addition, the agency has a publication, A Look at 401(K) Plan Fees, which includes explanations of various fees and charges and a checklist participants can use to review plan fees.
The consumer-focused FAQs are here. The publication can be seen here.
