A closely watched U.S. House bill mandating comprehensive 401(k) fee disclosures and dealing with plans providing investment advice made it out of committee on Wednesday.
The House Subcommittee on Health, Employment, Pensions and Labor has approved the 401(k) Fair Disclosure for Retirement Security Act (H.R. 1984) and the Conflicted Investment Advice Prohibition Act (H.R. 1988).
U.S. Representative Richard Neal (D-Massachusetts) has introduced legislation that would require administrators of 401(k) plans to provide plan participants with detailed fee and investment disclosures.
Bipartisan legislation has been introduced to give workers a new incentive to annuitize, rather than spend, their retirement savings.
What are the regulatory issues to watch right now?
Like many, perhaps most, Americans, I have viewed the unraveling “Bonusgate″ scandal with a mixture of disgust and incredulity.
Like many, perhaps most, Americans I have viewed the unraveling “Bonusgate″ scandal with a mixture of disgust and incredulity.
I’ve spent most of my life, certainly my adult life, confident that Americans, certainly in large part, are reasonable and rational.
Much has been made in recent weeks over the so-called Ponzi scheme foisted on the investing public by Bernie Madoff.
California’s Assembly voted 42 to 28 for the California Public Employees' Retirement System (CalPERS) to oversee a separate and voluntary investment program for private workers.
Californians who don’t have access to a retirement savings plan at work could be able to set up a 401(k)-style account through the state of California under a new proposal.