Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Pension Administrator

PPS Pension Services
(Remote / Williamsville NY / Hybrid)

PPS Pension Services logo

Sales Consultant

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Plan Consultant II

MAP Retirement
(Remote / Jacksonville FL)

MAP Retirement logo

Plan Administrator II

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Retirement Plan Onboarding Specialist

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

GAO Uncovers Troubling Practices by Financial Firms That Drain Americans' 401(k) Retirement Savings
Committee on Health, Education, Labor and Pensions [HELP], U.S. Senate Link to more items from this source
[Opinion]
Apr. 3, 2013

"'This report is a wake-up call that we need stronger consumer protections in the growing 401(k) rollover market. When Americans call up their 401(k) plan provider looking for advice, they shouldn't be inundated with marketing materials masquerading as objective, investor education -- but that is exactly what's happening to many individuals,' said Senate Health, Education, Labor, and Pensions Committee Chairman Harkin[.]"  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).