DOL does it again: Pushes back 401(k) disclosure deadline

February 7, 2012 by Christian Schappel

Employers who sponsor worker retirement plans just got a lot more time before they have to issue plan participants 401(k) fee disclosures.

The new deadline: Aug. 31, 2012. That is the date by which plan sponsors must disclose all 401(k) plan fees and expenses to plan participants. The participant fee disclosure rule had previously been pushed back to May 31.

The reason for the further postponement? The Department of Labor (DOL) is pushing back the date retirement service providers (like Fidelity Investments and Vanguard) have to disclose their fees to employers who sponsor plans.

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