Fee Disclosure Rules Result in More Affordable 401(k)s

The USA Today reports that in anticipation of new fee-disclosure rules by 401(k) providers, several plan providers are rolling out new, more cost-effective plans for smaller employers.

Smaller employers typically find their fees for 401(k) providers are up to twice as much as large plans. The Department of Labor has introduced new fee-disclosure rules that will require simpler explanations of the fees plan providers charge.

If you are a small employer who’s let the cost of 401(k) administration keep you away, it may be a good time to rethink.

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