The 404 disclosure is by far the easier of the two required disclosures for you to get your hands on. It’s the one designed for plan participants and it should be delivered on a periodic basis. It will include all the fees reported by your 401 plan’s various service providers to your company.
While a little bit harder to read, the 408 disclosure that goes directly to the plan sponsor contains far greater detail. Unfortunately, the DOL provided no template in the final Rule for this fee disclosure. As a result, there’s no way to say for certain what is disclosed, where it’s disclosed and how to interpret the data that is disclosed.
Here’s the problem with all these DOL required disclosures: there’s no guarantee you’ll see all the fees. The most effective way to uncover any potentially “hidden” fees is to go directly to the documents provided by the investment companies themselves.
Many 401k holders will not collect enough retirement money to live on.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chef José Andrés’s World Central Kitchen Fed Migrants in Del RioHow Chef José Andrés’s World Central Kitchen fed Haitian migrants on the border (Via EaterAustin)
Source: Eater - 🏆 368. / 59 Read more »
10 Hidden Gems in Free People's Sale Section - E! OnlineGet ready to save big on must-have bodysuits, dresses, accessories and more.
Source: enews - 🏆 466. / 52 Read more »
Massive Document Leak Reveals How Global Political Leaders Hide Their RichesThe documents contain information connected to celebrities, more than 100 billionaires, 335 current and former politicians and public officials, as well as information on a woman who reportedly gav… And all the people who said 'why would Trump be giving away his money' now realize that Trump has literally spent his own money on the NFL stadiums he owns. Trump told Putin, ‘Okay, I’m going to act a little tougher with you for a few minutes. But it’s for the cameras, and after they leave we’ll talk. You understand,’” Ms. Grisham writes, recalling a meeting between the two leaders during the Group of 20 summit in Osaka in 2019.
Source: RollingStone - 🏆 483. / 51 Read more »
Facebook Will Pay Creators To Put Their Knockoff TikTok Videos In Its Main News FeedThe Reels videos originally launched on Instagram in 2020 and are now being added to the core Facebook app, a sign of their growing importance to the company. abebrown716 good Tech abebrown716 Interesting!
Source: Forbes - 🏆 394. / 53 Read more »
Louisiana health care provider to charge benefits coverage fee for employees with unvaccinated partnersOchsner Health, Louisiana's largest non-profit health care system, says it will charge employees enrolled in its 2022 health care benefits program a fee for spouses and domestic partners who are not vaccinated against Covid-19.
Source: CNN - 🏆 4. / 95 Read more »
‘Ran for Our Lives’: How the Deadliest Ultramarathon Claimed 21 RunnersSixty miles, 21 deaths: Survivors recount the tragedy that unfolded on the Chinese ultramarathon trail that became one of the deadliest sites in modern sports history. 😏 Did they like not have weather apps? Sports are obsolete!
Source: WSJ - 🏆 98. / 63 Read more »