The Investment Company Institute said it welcomes the Department of Labor’s proposed rule to improve disclosure of 401(k) and other employee benefit plans to fiduciaries.

“We support disclosing information about the specific services that will be provided, what the plan will be charged directly for those services and whether and to what extent the service provider may receive indirect compensation from others,” said Mary Podesta, Senior Counsel for Pension Regulation at ICI, in a statement.

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