DOL Set to Take a Look At ‘Brokerage Windows’ in 401(k) Plans
January 22, 2014
InvestmentNews
Types : In the News
Department wants to make sure investors are protected when given more latitude in picking investments
The Labor Department is poised to take a closer look at whether investors are protected in company retirement plans that enable employees to go beyond the plan’s menu to choose investments.
The department is scheduled to release a request for comment in April on so-called brokerage windows in 401(k) plans. The mechanisms provide a way for workers to select investment vehicles that are not offered offered in the plan…
Partner Timothy Kennedy comments. For the full article, visit InvestmentNews.com.