Market timing is not the concern it once was with 401(k) participants, according to a new study by the Government Accountability Office.
The government's watchdog was asked to revisit the issue by three prominent lawmakers likely to play factoring roles in retirement policy going forward: Ron Wyden, D-Oregon, Patty Murray, D-Washington, and Elizabeth Warren, D-Massachusetts.
Specifically, the lawmakers wanted to know what types of trading restrictions 401(k) participants face, the effects of frequent, or so-called collective trading of mutual funds in a 401(k) plan, and whether or not current regulations adequately balance participants' rights to manage their own retirement accounts while protecting them from the potential costs of excessive trading.
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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.
