Tag: DOL
The Department of Labor should revisit its June 3, 2020 letter. It’s always embarrassing to learn stuff about U.S. retirement policy from foreign correspondents, but that happens sometimes. Apparently on June 3, 2020, the U.S. Department of Labor (DOL) issued an information letter opening up the opportunity for private equity investments in 401(k) plans. T…
In my view, one of the best things to come out of the SECURE Act of 2019 is the requirement that plan sponsors “give savers a realistic illustration of how much monthly retirement income they could expect to purchase with their account balance.” Shifting the focus from 401(k) balances to monthly income could provid…
