401 (k) Plan Fees Challenged; CIEBA Testifies

January 1998
Financial Executive;Jan/Feb1998, Vol. 14 Issue 1, p54
Academic Journal
The article discusses the November, 1997 hearings by the U.S. Department of Labor over the fees and expenses charged by to 401(k) plan participants. According to the author, scrutiny by the media prompted the hearings. The Federal Executives Institute's Committee on Investment of Employee Benefit Assets (CIEBA) testified to dispel allegations that employers are passing high cost 401(k) option fees to their employees. CIEBA Chairman James E. Bayne testified that plan sponsors are informing employees of fees and expenses, as shown by a survey of 75 CIEBA plan sponsors.


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