|
WASHINGTON (AP) - The Bush administration said Tuesday that it will look into ways to help people get information about fees and expenses assessed on 401(k) plans, which can drain hard-earned money from workers' retirement savings.
The Labor Department's Employee Benefits Security Administration will start soliciting ideas Wednesday from the public, industry and other interested parties aimed at improving the disclosure of these charges to millions of people with 401(k) retirement savings plans.
The effort comes as some lawmakers in the Democratic-controlled Congress have suggested the possibility of legislation to make sure people are provided information about these 401(k) fees. Current law doesn't explicitly require disclosure to investors of comprehensive information on such fees.
|