Tag: high fees
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…
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…
