Archive: Alicia H. Munnell
For decades, we and other commentators have asserted that, at any given time, roughly 50 percent of private sector workers participate in an employer-sponsored retirement plan. It used to be easy to check out the “50 percent” number because the federal government’s Current Population Survey (CPS) produced data on coverage and participation for public and…
What is the Labor Department thinking? The U.S. Department of Labor (DOL) just rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans. DOL said that it was just taking the agency’s thumb off the scale and was “neither endorsing, nor disapproving of” fiduciaries who decide to includ…
