The Bush administration pledged on Tuesday to improve fee disclosure in 401(k)s, the Associated Press reports. Beginning today, the Department of Labor’s Employee Benefits Security Administration will begin accepting ideas on how to do so from the public and the investment management industry. The deadline for comments is July 24.

Earlier this year, Congress said it might pass new laws requiring 401(k) plans to disclose fees, since current law doesn’t require them to make any comprehensive disclosure, and both the Securities and Exchange Commission and the Department of Labor responded, saying they would look into the matter.

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