Plan sponsors, often in the Department of Labor's crosshairs, will have the chance to turn the tables on regulators next month.
The DOL's Advisory Council on Employee Welfare and Pension Benefit Plans will host a symposium in Washington, D.C., exploring key trends affecting sponsor liability and the massive movements of cash from employer-sponsored programs to individual accounts.
Specifically, the event is aimed at soliciting perspectives on IRAs and other savings accounts that are not covered by ERISA. Defined contribution enrollees often roll their 401(k)s over to IRAs when they switch jobs. The DOL wants to know what's compelling enrollees to leave assets in or out of DC plans. Fees, the quality of investments and personal control are all factors influencing trends the DOL hopes to better understand.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
