TITLE

DOL regs most likely route to PPA fine-tuning

AUTHOR(S)
BRIDGEFORD, LYDELL C.
PUB. DATE
June 2008
SOURCE
Employee Benefit News;Jun2008, Vol. 22 Issue 7, p45
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the refinements of the Pension Protection Act of 2006 as some policymakers and retirement benefits analysts observed that 401(k) fee transparency, fiduciary compliance and savings mechanisms were not addressed thoroughly in the PPA. According to a retirement benefits analyst, these refinements will be delivered through the Department of Labor (DOL) regulations rather than additional legislation. It notes that DOL estimates that an amount of $134 billion into 401(k) accounts will be drawn by new PPA rules by year 2034.
ACCESSION #
34074208

 

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