This is not to say the 401k is perfect and that thereâs no need to improve it. These improvements, though, would be more like tweaks rather than wholesale changes.
Tag "Chad Parks"
Whatâs the Immediate Impact of the DOL Fiduciary Rule on Current IRA Holders and Future Rollovers?
Just because the new Rule wonât be enforced until January doesnât mean retirement savers canât take advantage of it. This does, however, require individuals become self-reliance and look out for their own good. But how is that any different for all other consumer decisions?
âHopefully,â says Reese, âthis past year gave employers a better understanding of what they need to look out for to act as fiduciaries for their plan participants.â