Tighter Federal 401K Enforcement
September 1st, 2008 Posted by AmeliaEmployers are warned that the US Department of Labor and the Securities and Exchange Commission or SEC will be sharing information on employee retirement plans such as 401ks. This collaboration enables the federal agency to more strictly enforce regulations on employers.
Elaine L. Chao, U.S. secretary of labor, and Christopher Cox, chairman of the U.S. Securities and Exchange Commission (SEC), today committed to (more…)
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Tags: 401 k plans, 401K, christopher cox, commission, employee retirement, exchange, federal, investment decisions, investor protection, memorandum of understanding, plan administrators, protection efforts, regulation, regulatory responsibilities, retirement assets, retirement savings, sec, secretary chao, secretary of labor, securities, securities and exchange commission, US Department of Labor