Lawmakers Abandon Fee Disclosure for Retirement Plans

A provision to require fee disclosures in defined-contribution plans was stripped from legislation that the Senate considered last month. The provision had been included in a modified version of the tax-extenders bill (HR 4213), but was pulled from the measure before it hit the Senate floor. (The upper chamber subsequently failed to pass the bill.) Published reports say Congress is espected to let the Labor Department address the issue of fee disclosure.