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For the first time ever, retirement plan fiduciaries were required to receive a government-mandated summary of the fees charged to them by their 401(k) plan providers. These “covered service providers” include most plan record keepers, administrators and investment advisors. This fee summary, known as a 408(b)(2) disclosure, was required to be in plan fiduciaries’ hands by July 1, 2012. Assuming you received it, what are you supposed to do with it?
Find out here.