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Debate on 401(k) Investments Pits Mutual Funds vs Insurers
Dow Jones Newswires via Stockgroup Media Inc.
May 18, 2007
Excerpt: A U.S. Labor Department proposal floated last year that might boost long-term U.S. retirement savings by as much as $90 billion has gotten hung up by debate about excluding safe but lower-yielding insurance products from the mix of default investment options for 401(k) plans.
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