Strengthening the retirement system beyond social security [[electronic resource] /] / Kala E. Upshaw, editor

• Record Nr.: UNINA9910461508403321
• Pubbl/distr/stampa: New York, : Nova Science Publishers, c2010
• ISBN: 1-61324-434-7
• Descrizione fisica: 1 online resource (164 p.)
• Collana: Retirement issues, plans and lifestyles series
• Altri autori (Persone): UpshawKala E
• Disciplina: 331.2520973
• Soggetti: Pensions - Government policy - United States; Retirement income - United States; Social security - United States; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: ""STRENGTHENING THE RETIREMENT SYSTEM BEYOND SOCIAL SECURITY""; ""STRENGTHENING THE RETIREMENT SYSTEM BEYOND SOCIAL SECURITY ""; ""CONTENTS""; ""PREFACE""; ""FEE DISCLOSURE IN DEFINED CONTRIBUTION RETIREMENT PLANS: BACKGROUNDAND CURRENT LEGISLATION""; ""SUMMARY""; ""BACKGROUND ON 401(K) FEES""; ""The Structure of 401(k) Plans and the Impact of Fees""; ""Structure of 401(k) Plans""; ""Types of 401(k) Fees""; ""Documents Required by Current Law""; ""FEE DISCLOSURE LEGISLATION IN THE 110TH""; ""Bill Summaries""; ""Details of 401(k) Fee Legislation""; ""AUTHOR CONTACT INFORMATION""; ""PRIVATE PENSIONS: FULFILLING FIDUCIARY OBLIGATIONS CAN PRESENT CHALLENGES FOR 401(K) PLAN SPONSORS""""WHY GAO DID THIS STUDY""; ""WHAT GAO RECOMMENDS""; ""WHAT GAO FOUND""; ""ABBREVIATIONS""; ""RESULTS IN BRIEF""; ""BACKGROUND""; ""Fiduciary Obligations under ERISA""; ""The Department of Laborâ€?s Role""; ""Plan Services""; ""SPONSORS DETERMINE A NUMBER OF COMMON PLAN FEATURES, AND THEIR DECISIONS ABOUT INVESTMENT FEATURES HAVE IMPORTANT FIDUCIARY IMPLICATIONS""; ""Plan Sponsors Determine Some Common Plan Features to Establish the Plan""; ""Sponsorsâ€? Decisions about Investment Features Have Important Fiduciary Implications""""PLAN SPONSORS CAN FACE CHALLENGES IN ; FULFILLING THEIR FIDUCIARY OBLIGATIONS WHEN BUSINESS ARRANGEMENTS ARE UNCLEAR OR UNDISCLOSED""; ""A Sponsorâ€?s Failure to Clearly Define Fiduciary Relationships Can Lead to Gaps in Oversight""; ""Sponsors Cannot Fulfill Their Fiduciary Obligations without Disclosures about Compensation Arrangements and Potential Conflicts of Interest""; ""Various Ways to Improve Fiduciary Oversight Have Been Proposed""; ""LABOR MONITORS SPONSORSâ€? OPERATION OF 401(K) PLANS AND HAS MADE PROGRESS ON RECENT REGULATORY INITIATIVES""""Labor Investigates Fiduciary Breaches and Conducts Outreach to Educate Plan Sponsors""; ""Labor Has Made Some Progress on Relevant Regulatory Initiatives but Legislation Could Also Promote Fiduciary Oversight""; ""Status of Initiative on Disclosure by Plan Sponsors to Participants""; ""Status of Initiative on Disclosures by Service Providers to Plan Sponsors""; ""CONCLUDING OBSERVATIONS""; ""AGENCY COMMENTS AND OUR EVALUATION""; ""APPENDIX I: SCOPE AND METHODOLOGY""; ""RETIREMENT SECURITY HEARING-ORSZAG TESTIMONY""""TURMOIL IN FINANCIAL MARKETS""; ""PRIVATE-SECTOR PENSION PLANS""; ""Defined-Benefit Pension Plans""; ""Defined-Contribution Pension Plans""; ""STATE AND LOCAL PENSION PLANS""; ""HOUSEHOLDSâ€? ASSETS AND RETIREMENT BEHAVIOR""; ""MITIGATING FINANCIAL MARKET RISKS""; ""End Notes""; ""STRENGTHENING WORKER RETIREMENTSECURITY HEARING - AMERICAN BENEFITSCOUNCIL WHITE PAPER""; ""INTRODUCTION""; ""Defined Contribution Plans Reach Tens of Millions of Workers and Provide an Important Source of Retirement Savings""; ""Employers Make Significant Contributions Into Defined Contribution Plans""