Starting July 16, 2011, participants in 401(k) and 403(b) retirement plans will finally see how much they are paying in fees. This will help you make better investment choices and will pressure employers to stop using high-cost plans.
Final rules were issued by the US Department of Labor which requires employers to disclose fees and investment performance in a standard, consumer friendly format.
This is excellent and long overdue news since most retirement plan participants are unaware that their plans typically have very high expenses and hidden fees. These expenses and fees lower your investment gains over time.