DOL Releases Participant-Level Fee Disclosure Regulations
On Thursday, the Department of Labor released the participant-level version of its fee disclose regulations for retirement plans. These regulations follow the department's July release of plan-level disclosure regulations. These new regulations will require plan participants to be provided with cost information regarding plan investments, general plan costs and individual costs which may be incurred, such as specific transaction fees. Click here to read an Asset International release regarding the new regulations.