Power Search
Low Price Guarantee
We Take School POs
401(K) Plans: Improvements Can Be Made to Better Protect Participants in Managed Accounts
Contributor(s): United States Government Accountability (Author)

View larger image

 ISBN: 1500697303     ISBN-13: 9781500697303
Publisher: Createspace Independent Publishing Platform
OUR PRICE: $23.70  

Binding Type: Paperback
Published: August 2014
Qty:
Additional Information
BISAC Categories:
- Business & Economics | Personal Finance - Retirement Planning
Physical Information: 0.24" H x 8.5" W x 11.02" L (0.53 lbs) 94 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
401(k) plan sponsors have increasingly offered participants managed accounts-services under which providers manage participants' 401(k) savings over time by making investment and portfolio decisions for them. These services differ from investment options offered within 401(k) plans. Because little is known about whether managed accounts are advantageous for participants and whether sponsors understand their own role and potential risks, GAO was asked to review these services. GAO examined (1) how providers structure managed accounts, (2) their advantages and disadvantages for participants, and (3) challenges sponsors face in selecting and overseeing providers. In conducting this work, GAO reviewed relevant federal laws and regulations and surveyed plan sponsors. GAO interviewed government officials, industry representatives, other service providers, and 12 plan sponsors of varying sizes and other characteristics. GAO also conducted case studies of eight managed account providers with varying characteristics by, in part, reviewing required government filings.
 
Customer ReviewsSubmit your own review
 
To tell a friend about this book, you must Sign In First!