01/30/2012 03:50 pm ET

How To Take Advantage Of New 401(k) Fee Disclosures

Employees will be armed with new information about the fees they're being charged in their 401(k)s in 2012. Beginning after May 31, 2012, 401(k) participants will receive quarterly statements showing the dollar amount of fees and expenses deducted from their account and a description of what each charge is for.

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