WASHINGTON (CN) - The Labor Department's Employee Benefits Security Administration will require disclosure of certain plan and investment-related information to participants and beneficiaries in participant-directed individual account plans, such as 401k plans, effective Dec. 20.
The plan and investment-related information to be disclosed includes fee and expense information.
The EBSA states that this regulation is intended to ensure that all participants and beneficiaries in participant-directed individual account plans have the information they need to make informed decisions about the management of their individual accounts and the investment of their retirement savings.
Click the document icon for this regulation and others.
Read the Top 8
Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.
Additional Reads
-
Top 8 today September 19, 2023 -
-
Top 8 today September 13, 2023
-
