Rules would require employers to provide 401(k) plan comparisons

Los Angeles Times If you have a 401(k) account, it soon might get easier to figure out how much you're paying in fees. Under a rule proposed by the U.S. Labor Department on Tuesday, an employer that sponsors a 401(k) plan would have to provide a side-by-side comparison of the expenses and historical returns of the plan's investment options. Currently, employees often have to piece together that information from multiple documents. "It'll help eliminate confusion in the sense that people will have the information they need, the basic information in a usable format to make decisions about how to invest for their retirement," said Bradford Campbell, assistant secretary for the Labor Department's Employee Benefits Security Administration. Companies also would have to tell participants every quarter how much they are paying in... [read full story]