Good News For Plan Participants! (Are You Ready for Fee Disclosure?)

In second quarter 2012 a new regulation under ERISA Section 404 is scheduled to take effect and you and millions of other 401(k) participants are going to start seeing their retirement plan statements in a «whole new light». This regulation will require plan sponsors to provide more information about the fees you are charged in your retirement plan accounts. For the first time (for most of you), specific expenses and fees associated with your plan will be on full display on your Quarterly Statement. The question is, are you ready to see them?