Tag: ERISA
Ending ‘regulation by litigation’ may erode some protections for workers. Most people likely think their employer’s role in providing a 401(k) stops at choosing the provider, match rate, and investment options. What most workers probably don’t know is that under the law governing 401(k)s – the Employee Retirement Income Security Act of 1974 (ERISA) – employers must…
With fewer protections and guardrails, we have a much less effective system. The most extraordinary development in the U.S. private sector retirement system is not the shift away from old-fashioned defined benefit plans, which began around 1980 and is virtually complete today, but rather the movement away from 401(k) plans, which replaced the defined benefit…
