401 (K) Plans: Increased Educational Outreach and Broader Oversight May Help Reduce Plan Fees(English)
Series: English
Under Title I of the Employee Retirement Income Security Act of 1974 (ERISA), employers are permitted to sponsor two broad types of retirement plans, defined benefit-plans that promise to provide a benefit that is generally based on an employee's years of service and frequently salary, regardless of the investment portfolio's performance-or defined contribution-plans in which retirement savings ar
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Under Title I of the Employee Retirement Income Security Act of 1974 (ERISA), employers are permitted to sponsor two broad types of retirement plans, defined benefit-plans that promise to provide a benefit that is generally based on an employee's years of service and frequently salary, regardless of the investment portfolio's performance-or defined contribution-plans in which retirement savings are based on contributions and the performance of the investments in individual accounts.
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