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Labor to shine light on hidden 401(k) fees

How much money you actually have in your 401(k) might surprise you – especially if you aren’t aware of the fees that some plans charge. The Departme...

Federal News Network Staff

August 28, 2009 10:15 am

< a min read

wfedstaff | June 2, 2015 11:06 pm

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How much money you actually have in your 401(k) might surprise you – especially if you aren’t aware of the fees that some plans charge. The Department of Labor is working on a regulation that would require employers to make this information more understandable and more readily available. Phyllis Borzi is the Assistant Secretary of Labor for the Employee Benefits Security Administration.