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July 23, 2008

Do you know what your 401(k) fees are?

  • The Labor Dept. wants better disclosure. About 80 percent of 401(k) participants don't know what they pay in fees.
    • By CHRISTOPHER S. RUGABER
    AP Business Writer

    WASHINGTON — Millions of participants in 401(k)-style retirement plans would receive more information about the costs of those programs, a move that could help boost savings, under a rule proposed by the Labor Department Tuesday.

    The additional information will make it easier for employees to invest in lower-cost mutual funds and other investments, said Bradford Campbell, an assistant secretary at the Labor Department.


     
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