401(k) Administrators Beg For More Time On Fee Disclosure

Wednesday, December 21, 2011 12:31
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401(k) Administrators Beg For More Time On Fee Disclosure

Tags: 401(k)

The controversial move to force all 401(k) plans to clearly break out all fees may get delayed one more time. 

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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?

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