Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|ERIC Comment Letter to SEC on Proposed 4 p.m. Mutual Fund Pricing Rule|
The ERISA Industry Committee [ERIC]
Feb. 6, 2004
Excerpt: [B]ecause the Commission's proposed solution discriminates against retirement plan participants, it will fail to restore investor confidence in the equity and soundness of mutual funds.... The proposed amendments discriminate against participants in § 401(k) and other retirement plans and are likely to reduce retirement savings by discouraging employees from participating in retirement plans.
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