IRA rollovers face scrutiny by ERISA panel

July 14, 2014 by Nick Thornton

The volume of retirement assets rolling out of defined contribution plans has gotten the Department of Labor’s ERISA Advisory Committee’s attention.

IRAs, along with other investment vehicles that fall outside the jurisdiction of ERISA’s oversight, are growing more popular as boomers retire and move their retirement savings out of employer-sponsored plans.

In response, the ERISA Advisory Council this week said it plans to examine some of “the factors leading participants to leave their assets in or move them out of a plan. ” Click here to read…

Originally Posted at LifeHealthPro on July 14, 2014 by Nick Thornton.