ST. LOUIS, MO (KTVI) – Get ready for some new changes when it comes to your retirement plan. In a just a few days you’ll get a much clearer picture about the fees charged to your 401K account.
“On August 30th, the major new 401K Disclosure federal law goes into effect. For the first time, employers will be required to disclose information about fees and costs their employees are paying, to their determent! This new law will affect both companies who offer 401Ks and employees who have accounts.” said Mike Lissner with Acropolis Investment Management.