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Meet the Street: a Closer Look at 401(k) Legislation
TheStreet.comLink to more items from this source
Feb. 4, 2002
Excerpt: According to Mark Niziak, senior counsel at New York Life Benefit Services, a leading 401(k) provider, overly burdensome regulatory and administrative changes to 401(k) plans could result in some companies eliminating such plans altogether. In particular, if the government shortens blackout periods when plan providers are being switched from the current 30 days, many retirement service providers may not be able to switch all of the employee records over in time, Niziak says.

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