Employer groups oppose new regulations on 401(k) brokerage window options

Employer groups say additional regulation of brokerage windows is not needed in defined contribution plans, according to testimony presented to the U.S. Department of Labor’s ERISA Advisory Committee, reports Plan Advisor. The ERISA Industry Committee and the U.S. Chamber of Commerce both said brokerage windows, which give 401(k) participants the ability to buy and sell securities, serve as a valid option for more sophisticated investors and additional regulations would stifle their use.

 

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