SEC talks, plan sponsors listen

Papini, Jessica
July 2007
Employee Benefit News;Jul2007, Vol. 21 Issue 9, p41
The article focuses on issues which need to be addressed by the U.S. Securities and Exchange Commission in its effort to provide easy access to information to 401(k) investors. The extensible business reporting language (XBRL) data tagging is a program which would help investors receive the needed information about mutual funds. Reassessment of the 12b-1 fees is needed for it to be more effective. In addition, the books and recordkeeping requirements would need reassessment by SEC.


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