Tag: DOL rule
The Trump administration wants more annuities in your 401(k). Here is why it might be a mixed bag. When economists say that they have a puzzle, they don’t mean the kind with 1,000 pieces. Instead, economists are puzzled by things that don’t line up with their theories of how the world should work. One prominent…
New Labor Department rule changes default retirement plan disclosure from paper to electronic. On May 27 the U.S. Department of Labor (DOL) issued a new rule that would shift the way participants receive information about their retirement plan. To date, the default has been paper, with the participant having the ability to opt for electronic…