Under the Department of Labor’s 2012 final rule to improve transparency of fees and expenses to plan participants, investment-related information must be furnished to participants or beneficiaries on or before the date they can first direct their investments, and then again annually thereafter.
Further, the rule says that such information also must be furnished in a chart or similar format designed to facilitate a comparison of each investment option available under the plan. The final rule includes, as an appendix, a model comparative chart which plan administrators may use to satisfy the rule’s requirement that a plan’s investment option information be provided in a comparative format.
Further, the rule says that such information also must be furnished in a chart or similar format designed to facilitate a comparison of each investment option available under the plan. The final rule includes, as an appendix, a model comparative chart which plan administrators may use to satisfy the rule’s requirement that a plan’s investment option information be provided in a comparative format.
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