There is much talk about “transparency” these days, particularly when it comes to reporting financial information. Fee transparency has become a hot topic for employers and plan sponsors of 401(k) savings plans and for participants alike. This article provides an overview of how today’s 401(k) plans work and how they are priced and the fees built into the process for operating and managing those plans. It further details the latest guidance from the U.S. Department of Labor on how information on the performance of the plans is reported and what this means to all involved.
