Labor Seeks Investment Theories for 401ks

     WASHINGTON (CN) – The Labor Department’s Employee Benefits Security Administration is requesting information for implementation of statutory provisions that allow investment advice by a fiduciary adviser when computer modeling or fee leveling is used.




     The provisions of the Employee Retirement Income Security Act and Internal Revenue Code the agency is implementing relate to advising participants and beneficiaries in individual account plans, such as 401(k) plans, and beneficiaries of individual retirement accounts (and certain similar plans).
     The agency seeks information on investment theories, historical data and criteria that may be used for computer modeling.
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