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401(k) PLAN FEE DISCLOSURE FORM For Services Provided by John Hancock Total Plan Expenses Role(s) performed by service provider Custodian/Trustee Investment Professional Record Keeper Other (Describe):

How to fill out 401k plan fee disclosure

How to fill out a 401k plan fee disclosure:

1. Obtain the necessary documents: Start by acquiring the 401k plan fee disclosure form from your employer or plan administrator. This form is typically provided annually or whenever there are changes in the fees associated with your retirement plan.
2. Review the form: Carefully read through the entire form, paying special attention to the sections related to fees and expenses. This will give you a clear understanding of the information you need to provide and the format required.
3. Gather relevant information: Collect all the necessary details that will be needed to fill out the form accurately. This may include your account information, plan name, investment options, and any additional fees you might have incurred.
4. Itemize fees and expenses: On the fee disclosure form, list all the fees and expenses associated with your 401k plan. This may include administrative fees, investment management fees, transaction fees, and any other charges specific to your plan.
5. Provide detailed information: For each fee and expense, provide specific details like the amount charged, the frequency of the fee (e.g., annual, quarterly, or per transaction), and the purpose of the fee. This information helps ensure transparency and allows participants to make informed decisions about their investments.
6. Understand the disclosures: Familiarize yourself with any additional disclosures or explanations provided on the form. This may include information about revenue sharing arrangements, potential conflicts of interest, and other important details related to the management of your 401k plan.
7. Submit the form: Once you have completed the 401k plan fee disclosure form, submit it as instructed by your employer or plan administrator. Be sure to keep a copy for your records.

Who needs a 401k plan fee disclosure:

1. Employees with a 401k plan: Individuals who participate in an employer-sponsored 401k retirement plan are required to receive a 401k plan fee disclosure. This includes both active employees enrolled in the plan and former employees who still have assets invested in the plan.
2. Plan beneficiaries: If you are a beneficiary of a deceased participant's 401k plan, you may also need to receive the 401k plan fee disclosure. This ensures that beneficiaries have access to all the necessary information about the fees and expenses associated with the plan.
3. Anyone considering enrollment: Prospective employees who are evaluating job offers that include a 401k plan can request a 401k plan fee disclosure to better understand the costs associated with the plan. This helps them make an informed decision about joining the company and participating in the retirement plan.

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What is 401k plan fee disclosure?

401k plan fee disclosure is a document that provides detailed information about the fees and expenses associated with a 401k retirement plan.

Who is required to file 401k plan fee disclosure?

Employers offering 401k retirement plans are required to file the fee disclosure to their plan participants.

How to fill out 401k plan fee disclosure?

Employers can fill out the 401k plan fee disclosure by gathering information about the fees and expenses associated with the plan and providing it to plan participants.

What is the purpose of 401k plan fee disclosure?

The purpose of 401k plan fee disclosure is to provide plan participants with transparency and information about the fees and expenses associated with their retirement plan.

What information must be reported on 401k plan fee disclosure?

The 401k plan fee disclosure must include information about the types of fees, the amount of fees, and any other expenses associated with the plan.