One bad apple: Don't let overlegislation undo 30 years of 401(k) fruitfulness

May 2010
Employee Benefit News;May2010, Vol. 24 Issue 6, p18
The article questions the need for the proposed Lifetime Income Disclosure Act in the U.S. The proposed Act would require sponsors of 401(k) plans to project the monthly income that employees could expect at retirement based on their 401(k) balances. It also discusses the difference between 401(k) plans and defined benefit (DB) plans. The author argues that 401(k) sponsors do not need this legislation to dictate this exercise.


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