TITLE

Better Information and Sponsor Guidance

AUTHOR(S)
Bovbjerg, Barbara D.
PUB. DATE
October 2009
SOURCE
GAO Reports;10/5/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article reports on the study conducted by the U.S. Government Accountability Office (GAO) on the importance of providing better information on defined contribution (DC) plans and sponsor guidance that could help reduce fees for participants. It states that DC plan sponsors can decrease participants' fees by offering cheaper investments products. GAO recommends the Internal Revenue Service (IRS) to develop a guidance on sponsor involvement and share information with financial regulators.
ACCESSION #
45032940

 

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