AVENTURA, Florida – There were no investigators from the Government Accountability Office at the Plan Sponsor Council of America meeting at the Turnberry Isle resort Wednesday, not at least any I could detect.
Which is too bad, really, because they might have done well to listen in to a defense of managed accounts in 401(k) plans, the target of a damning GAO report this summer.
While the palm trees surrounding the property swayed in a gentle breeze, Nancy Gerseny, the corporate retirement plans strategy manager at CVS Health, was the star witness, pretty much equating managed account services to sliced bread.
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