[ad_1]
Updated Oct. 31, 2023 5:48 pm ET
Americans rolling over their money into an individual retirement account from a 401(k) will have more protections on the advice they get as part of a Labor Department proposal released Tuesday.
Under a 1974 federal law that governs retirement accounts, employers have a duty to manage 401(k) plans in the best interest of employees, including to vet the investments and fees. Known as Erisa, the law also imposes this fiduciary standard on advisers to act in a client’s best interest when giving advice in 401(k)s.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
[ad_2]
Source link
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
Zosia VanMeter becomes Director of Inspection
Saugus playground gets revamped – Itemlive
Fatal Mattituck fire raises questions about rental safety
Photos: CAST’s 5th Annual Festival of Trees lights up Treiber Farms in Peconic
Daily Update: Fatal Mattituck fire raises questions about rental safety
Lynn football luncheon scores big
Police Logs 11/27/24 – Itemlive
Marblehead strike settled – Itemlive
Four Classical greats honored in City Hall
Swampscott hosts Thanksgiving Hero Meals
Controversial project redesign OK’d in Peabody
LYSOA celebrates its relaunch with a new logo and expanded program