The fresh new GAO report emphasizes the necessity of manager-paid 401k preparations getting old-age discounts, reflecting this new character out of mandatory percentage disclosures from the Agencies regarding Labor. Due to the fact 2012, 401k bundle charges have essentially diminished, with different factors — plus commission disclosures — adding to which pattern. The newest DOL followed percentage disclosure regulations this year and you can 2012 in order to increase sense certainly plan sponsors and you can participants of costs and you may money overall performance. Overall, if you’re commission disclosures has certainly influenced the treating of 401k arrangements, enhancing financial literacy certainly one of members can get after that improve their engagement and you can skills. [Read more…]