With two bills already introduced in the House and one pending in the Senate that would require 401(k) fee disclosure, coupled with the Department of Labor’s interest in the matter and the cooperation of so many American businesses, fund companies can definitely expect to be hit with this new rule, workforce.com reports.

However, the House is about to adjourn for the year in about two weeks, so 401(k) fee legislation isn’t likely to become a reality this year.

“The fact that change is coming is beyond doubt,” said James Delaplane, Jr., a partner with Davis & Harman, speaking at the Pensions & Investments West Coast Defined Contribution Conference. He believes the DOL will bring forth a measure early next year, followed by legislation in Congress by the end of 2008.

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