401(K) Plans: Improved Regulation Could Better Protect Participants from Conflicts of Interest

United States. Government Accountability Office.

United States. Government Accountability Office.

关键词: Government accountability -- United States.;    financial markets and institutions;    retirement security;    401(k) plans;    letter report;   

RP-ID  :  GAO-11-119
RP-ID  :  315384

美国|英语

来源: UNT Digital Library

【 摘 要 】

A letter report issued by the Government Accountability Office with an abstract that begins "Recent volatility in financial markets highlights the need for prudent investment decisions if 401(k) plans are to provide an adequate source of retirement income. While plan sponsors and participants may receive help in assessing their investment choices, concerns have been raised about the impartiality of the advice provided. GAO was asked to describe circumstances where service providers may have conflicts of interest in providing assistance related to the selection of investment options for (1) plan sponsors and (2) plan participants, and (3) steps the Department of Labor (Labor) has taken to address conflicts of interest related to the selection of investment options."