There may be help on the way. A proposed rule from the Department of Labor would require service providers (e.g., brokerage firms; mutual funds) to give plan fiduciaries (in small companies they are typically business owners) a guide to fees for 401(k) plans if current disclosures are in multiple or lengthy documents.
Did you miss the latest edition of Big Ideas for Small Business®? No problem, you can view March’s Newsletter, which includes the article, “Writing Off the Cost of Government Mandates for Small Business,” along with archived issues right here. Remember, you can subscribe for free and have your copy delivered to your inbox the first of each month.
