The New 401(k) Fee Disclosure Rules Haven’t Helped Much At All.


Wealth Killer # 4 

The new 401(k) fee disclosure rules haven’t helped much at all.

In 2012, amidst considerable fanfare, the government announced new rules designed to force 401(k) plans to disclose the fees that we are paying. The new annual disclosure form often runs more than fifteen pages, but it doesn’t provide a simple figure for the annual cost you’re paying.


Even with new laws requiring better fee disclosures,  surveys show most participants still have no clue how  much they’re actually paying. A 2013 survey from the  Employee Benefit Research Institute revealed only  half of plan participants even noticed the fee  disclosure information, and only 7 percent have made  changes to their investments as a result of receiving  information about the fees they’re paying.


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