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Tag >> fiduciary
Mar 02
2011

401(k) plans: Teeming with conflicts of interest

Posted by annearf in fiduciaryEmployees Beneftis Security AdministrationEmployee Retirement Income Security Actcompliance

annearf

This just in: 401(k) plan providers might not be all that impartial about the investment choices they recommend. In fact, these plans are teeming with conflicts of interest.

That's according to a new report from the Government Accountability Office. Called Improved Regulation Could Better Protect Participants from Conflicts of Interest, it looks at what conflicts exist and what the Labor and Treasury Departments should do about it.



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