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Cryptocurrency in 401k plans may prove to be a loss for retirement security. DOL issued Compliance Assistance Release No. 2022-01 to caution plan fiduciaries to be careful before considering whether to include investment options like cryptocurrency as part of a 401k plan.
The city of Kingsport is looking at changing its retirement plan in an attempt to try and retain employees and also make the city more attractive to potential employees.
An ICI survey also found defined contribution plan participants want to maintain control of their investments. Fortunately, most plans offer guardrails for those that would harm themselves by doing so.
O'Kelly McWilliams is an employment lawyer at Mintz Levin in DC focused on employment, agreements, disputes and compensation matters. He regularly provides guidance on managing employee relationships and has helped many companies investigate and respond to allegations of employer misconduct.
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.