Controversial 2017 contribution of $3.5 billion in company shares to the retirement program apparently was divested, long before the current share-tanking mess.
The life insurance company apparently no longer considers the DC plans integral to its business.
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Almost 1 in 3 of them are heading into retirement equity-heavy, fund house finds.
Legislation would increase 401(k) contributions, plan portability.