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TABLE OF CONTENTS
U.S Pushes for Clear Disclosure of 401(k) Fees
How should Plan Sponsors
react to new requirements
Mark your calendars now for
Oakland Hills
Dear ,
The Department of Labor (DOL) last week announced plans to
expand the requirements for fee disclosure to 401(k)
participants. The details are embedded in 103 pages of reading
excitement! In general, the plans call for clearer disclosure
of 401(k) fees and expenses, investment options, and performance
against benchmark indices. Disclosure of this information must
be performed regularly throughout the life of your plan as well
as when a participant enrolls.
We have shared links to articles surrounding this topic
below. We've also provided a White Paper that shares ideas on
how you can better litigation proof your retirement plan.
Please contact me with any questions or outstanding issues
that I can assist you with.
PLAN SPONSORS
NEED TO KNOW
U.S.
DOL
Pushes for Clearer Disclosure of 401(k) Fees
The Wall
Street Journal.
More
For Better
or Worse
How should plan sponsors react to the Department of Labor's new
requirements for service provider disclosures? "They
should celebrate, cautiously," according to Fred Reish, Industry
Expert.
More
Too Close to Home
DOL sues
fiduciary of Fenton, Michigan company to recover 401(k) plan
assets.
More
FREEDOM ONE
ADDS VALUE
Oakland Hills Event - September 17
Mark your calendars now! Our next golf outing/fiduciary
workshop will take place at Oakland Hills Country Club on
September 17. Watch for your invitation in August.
Market Update
Freedom One conducted a live conference July 22, 2008. Don
Gregg, Vice President of Investment Advisory Services, spoke on
the following points:
-
January
thru June 2008 Market Environment
-
Report on
how fund managers have weathered the storm
-
Expectations for the rest of 2008
Access Audio
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