Recent volatility in financial markets highlights the need for prudent investment decisions if 401(k) plans are to provide an adequate source of retirement income. While plan sponsors and participants may receive help in assessing their investment choices, concerns have been raised about the impartiality of the advice provided. This report describes circumstances where service providers may have conflicts of interest in providing assistance related to the selection of investment options for: (1) plan sponsors; and (2) plan participants; and (3) steps the Dept. of Labor has taken to address conflicts of interest related to the selection of investment options. Includes recommendations. Charts and tables. This is a print on demand report.The degree of responsibility and risk borne by workers in 401(k) plans underscores the need for prudent investment decisions if these plans are to provide an ... even when retirement is in the near future.7 Another study found that most workers acknowledge they do not know as much as they should about retirement ... DC Plans Arena#39;t Working: Herea#39;s How to Fix Them, a Journal of Investing (Winter 2007).
|Publisher||:||DIANE Publishing - 2011-05-01|