Thursday, March 08, 2007
House Tackles 401(k) Fee Disclosure
A political push for greater disclosure of fees in 401(k) retirement savings plans gathered steam Tuesday, as an influential Democratic lawmaker said he planned to shine light on whether an array of service firms were "dipping into other people's money" without good cause.
"We have to ask whether all these fees are necessary, and we have to examine whether they are undermining workers' retirement security," said Rep. George Miller (D-Martinez), chairman of the House Education and Labor Committee.
A committee hearing Tuesday focused in part on the lack of information available to many workers about the fees that are automatically charged to their 401(k) accounts.
House Tackles 401(k) Fee Disclosure
Source: LA Times
"We have to ask whether all these fees are necessary, and we have to examine whether they are undermining workers' retirement security," said Rep. George Miller (D-Martinez), chairman of the House Education and Labor Committee.
A committee hearing Tuesday focused in part on the lack of information available to many workers about the fees that are automatically charged to their 401(k) accounts.
House Tackles 401(k) Fee Disclosure
Source: LA Times
Permalink posted by armandn @ 7:13 AM 
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