Feds give retirement plans more breathing room

It looks like the Department of Labor (DOL) will give employers some relief when it comes to complying with its new retirement plan fee disclosure rules.

The effective date for sponsors to disclose all fees and expenses to participants of 401(k)-type plans will remain Jan. 1, 2012 for calendar-year plans.

But the DOL just issued a notice of its proposal to extend the applicability date of the fee disclosure rules in order to give plan sponsors more time to comply with the requirements.

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