
Regulation
Bill Would Silence Labor Department on 401(k) Investment Guidance
The Financial Freedom Act’s sponsor says the federal government should not involve itself in investment choices for retirement plans.
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.
Congressional leaders are calling on the GAO to investigate risks and expense concerns with the popular funds.
The VirginiaSaves program would require mandatory participation by eligible employers.