Retirement plan sponsors, get ready. A little more than a year from now, participants in 401(k) plans must be able to see how much they're paying for their investments.
Last month, the Department of Labor issued rules requiring sponsors to include administrative and investment fees on quarterly 401(k) statements by January 2012. The additional disclosure is intended to help employees make more informed choices.
Two big retirement plan providers, Putnam Investments and Fidelity, have already said they will provide the information earlier and will begin offering expense ratios online as soon as this month.
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