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New fee-disclosure rule burdens plan sponsors

A new federal rule that requires mutual-fund companies and other plan administrators to clearly disclose their fees for employer retirement plans could spur more competition and ultimately lower costs for employers offering worker retirement plans, experts say.

The new rule, which goes into effect this summer, was set by the U.S. Department of Labor Employee Benefits Security Administration, and aims to help employers and workers better manage their 401(k) retirement plans by giv ...

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