On October 20, 2010, the U.S. Department of Labor (DOL) published a final regulation imposing new disclosure requirements for participant-directed individual account retirement plans. The final regulation requires the plan administrator of such a plan to:

Provide participants quarterly statements of plan fees and expenses deducted from their accounts; Also provide, prior to a participant’s initial plan investment and at least annually thereafter, certain information about both the plan and the investments available under the plan, including the cost of those investments...

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