401(k) Fee Disclosure

Have you heard? Under a new rule, as of July 1st, 2012 you will be able to know how much your 401k account is being charged in fees. This is good news because you will be see how your 401k’s gain is impacted. The Department of Labor now requires plan providers, that is your employer, to disclose 401(k) fee information to you. So if you have a 401(k) at work, go to your human resources office and ask for this fee information, but keep in mind that many employers might not have this information readily available till the fall.