Tag: 401ks
My friend Francis Vitagliano paid me a visit to show that 401(k) plans are paying mutual funds $940 million in transfer agent fees for services they already receive through their record-keeper. He may well be right. The question, however, is how do 401(k)s improve their lot? Defined benefit plans use collective-investment-trust (CIT) versions of…
In June, the relevant Senate Committees approved their versions of the House bill called “Securing a Strong Retirement Act of 2022” (SECURE 2.0). Specifically, the Health, Education, Labor and Pensions Committee advanced the “Rise and Shine Act” on June 14, and the Finance Committee passed the separate EARN Act on June 22. These two bills…
