| 401(k) Administrators Beg For More Time On Fee Disclosure |
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| Wednesday, December 21, 2011 17:31 | ||
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The controversial move to force all 401(k) plans to clearly break out all fees may get delayed one more time. If you're a private wealth advisor, please join Advisors4Advisors (A4A) to get its full benefits. Register now, and we will donate $20 of our $60 membership fee to Bubbles The Clown’s financial literacy program, and you can post an icon on your website saying you support Bubbles' 501(c)3 charitable organization. Plus, get other membership benefits, including:
The American Society of Pension Plan Actuaries & Administrators and the Council of Independent 401(k) Recordkeepers are trade organizations for retirement plan service vendors.
They want the Labor Department to give their members more time to revamp their fee disclosure statements.
They say they only have three months to meet the deadline.
As it is, this process has dragged on for years, and the most recent extension came way back in July.
How long does it take? Comments (0)Write commentYou must be logged in to post a comment. Please register if you do not have an account yet.
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Scott Martin has been covering the financial markets since 1996 and the securities business since 2001. He was a long-time columnist for Research, market writer at CNNfn.com, and editor of Buyside; his work currently appears in publications like The Trust Advisor, Institutional Investor, and EmergingMoney.com.







