Corporate Financial Management
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Deadline Nearly Here for New 401k Plan Disclosure Rules
Article on Controller's Report, Benefits Costs, Staying in Compliance • posted 01/16/12
Many controllers have fiduciary responsibility in regard to their company's 401k plan. Starting on May 1, 2012--and continuing with a second deadline on April 31, 2012--new Department of Labor regulations kick in that require far more extensive and transparent disclosure to participants regarding plan fees. Controllers should take a number of steps now to prepare for the changes and to meet their fiduciary responsibilities under the new rules.
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