WASHINGTON (CN) – Retirement plan and investment options may become easier to compare under new Employee Retirement Income Security Act, or ERISA, rules.
The Labor Department’s Employee Benefits Security Administration has issued new disclosure rules for public comment. The rules would require disclosure of certain plan and investment information, including fee and expense data, to participants and beneficiaries in participant-directed individual account plans, such as 401(k)s.
Ideally, then participants and beneficiaries may have what they need to make informed decisions about managing their own accounts and investing their retirement savings.
Click the document icon on the front page for details and other new regulations.