GAO: Straighten Out DC Plan Disclosure

Congress should consider putting tougher retirement plan fee disclosure laws in the Employee Retirement Income Security Act, according to U.S. Government Accountability Office officials.

Current fee information availability varies greatly with plan type, the officials write in a report prepared for House Ways and Means Committee Chairman Charles Rangel.

“Congress should consider amending ERISA to require sponsors to disclose fee information to facilitate comparisons,” GAO officials write in a summary of the report.