Participants and beneficiaries are not required to receive the same disclosures – such as fees, historical performance and benchmarks -- for investments bought through brokerage windows that they are for “designated investment alternatives.”

The department is seeking information on the scope of investment options typically available through a window; demographic and other information about participants who commonly use brokerage windows; the process of selecting a brokerage window and provider for a plan; the costs of brokerage windows; and what kind of information about brokerage windows and underlying investment options typically is available and disclosed to participants

To see the full text of the request, click here.

The deadline for comments is November 19, but federal agencies routinely accept submissions after the official due-date.




 

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