Prominent groups ask feds to extend 401(k) fee disclosure deadline
Two major organizations just sent a request to the DOL and, if they get their way, your company could get some much needed extra time to prepare for the upcoming 401(k) fee disclosure regs.
In a letter to the DOL, the American Society of Pension Professionals and Actuaries (ASPPA) and the Council of Independent 401(k) Recordkeepers (CIKR) asked the agency to push back the effective date for the new regs.
The organizations said they support the DOL’s efforts to improve fee-transparency.
However, because the agency hasn’t released its final rule on fee disclosure yet, complying with the regs in “three short months” doesn’t give organizations enough time to prepare, the groups said.
To read the full letter by the ASPPA and the CIKR, click.
- Share on
Free Training & Resources
Further Reading
Employee experience – including employee mental health – has become a higher priority for many organizations, according to rese...
It’s that time of year again: Employer health insurance plans are up for renewal. For finance leaders, this period can feel like a lotter...
New York employees will see their maximum annual Paid Family Leave (PFL) contribution rise to $451.81 in 2027, up from $411.91 in 2026. ...
In April, Arkansas Governor Sarah Huckabee Sanders signed legislation making it illegal for Pharmacy Benefit Managers (PBMs) to own or oper...
Employer health insurance plan costs are set to spike for next year. All the experts are in agreement on that point. The only question is j...
Financial wellness programs often sound expensive or complex, but the truth is that one simple step — helping employees better unders...
