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ERISA: 40 and Counting
Phyllis Borzi via Work in Progress, The Official Blog of the U.S. Department of Labor [DOL]
[Opinion] June 23, 2014
"Over the past 40 years, more and more of America's workers have switched from traditional pensions to 401(k)s and similar plans. With the rise of these defined contribution plans, America's workers have had to take on the responsibility and the risk of saving, investing and managing their own money. This means more options, more complexity and more responsibility for those workers, and makes it even more important for us to help ensure financial literacy for those workers."
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