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Inactive 401(k) Accounts Need Greater Protections
Alicia H. Munnell in MarketWatch
[Opinion] Jan. 14, 2015
"[U]nder the regulations issued in 2004, the plan satisfies its fiduciary obligation if the investment preserves the dollar value of the rolled balances. In other words, the money can be invested in a money-market fund. The problem is that the fees charged to the forced transfer accounts often outpace the low returns earned by the conservative investments prescribed by the DOL's safe harbor rules, causing account balances to decline."
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