By Plansponsor
Are new distribution regulations around the corner?
Policymakers within the federal government sent yet another strong signal that they are reassessing the role of individual retirement accounts (IRAs) as a source of retirement savings, and that they are likely to take a much more active role in regulating the IRA marketplace. Findings and recommendations that appeared in the March U.S. Government Accountability Office (GAO) report “401(k) Plans: Labor and IRS Could Improve the Rollover Process for Participants” lay the groundwork for a much more hands-on role by the Department of Labor (DOL) in regulating the rollover process, including the marketing and sale of IRA products to plan participants.
