401(k) News

The Department of Labor now requires employers to disclose fees associated with 401(k) plan investments.  There are two new disclosure statements.  The first is an annual statement, which was distributed in August. The second is a quarterly statement, which will be sent in October or November.  Read more about the new transparency requirements here.

In other 401(k) news, the man credited with creating the 401(k), Edwin Johnson, has died.  He was 82.  Read his story here.