The American Institute of CPAs has written a letter to the Labor Department supporting a proposal to require retirement plan sponsors and administrators to annually disclose fees and expenses to participants.

The AICPA recommended that the Labor Department work with the Internal Revenue Service to create a sample disclosure notice with standard paragraphs that could be customized to a particular plan. The standardized format would help retirement plan participants compare plan expenses and fees as they move from one job to another.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access