Let the 401(k) investor beware
A new report from the Government Accountability Office warns employees to watch out for biased investment guidance from the financial companies paid to set up and run their 401(k) plans.
DOL to Issue Final Rule on Fiduciary by Year-End: Borzi
Phyllis Borzi, assistant secretary for the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) said Tuesday that the EBSA plans to “refine” the text of its proposed regulation amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) and issue a final rule by year-end.
DOL, industry spar over fund lineups
The Labor Department and representatives from service providers and pension advocacy groups today sparred over whether presenting a retirement plan with a fund lineup constitutes investment advice.
What’s in a Name?
At the Pension Rights Center, we deal with a lot of technical language that can be puzzling to people who don’t work on retirement income issues. But the meaning of words is important, even if you don’t use them every day, and, when it comes to the law, a word’s meaning can make all the […]