New U.S. Labor Department Law Could Prompt More 401k Rollovers

New U.S. Labor Department Law Could Prompt More 401k Rollovers from 401kRollover.com

By: 401kRollover.com  04/30/2015
Keywords: 401k Rollover Forms

The U.S. Labor Department unveiled a new 401k law on Tuesday that could drastically increase the pace of 401k rollovers in the United States, and retirement account providers are already scrambling to become compliant with the new regulations. Labor Secretary Tom Perez said he believes the new law will be beneficial for investors and retirement account custodians alike, as it requires 401k and IRA providers to offer investments that are in their clients’ best interests. According to Perez, the “best interest” mandate will eliminate the suffering of many people who were steered toward high-fee investments. “The corrosive power of fine print and buried fees can eat away like a chronic disease at peoples’ savings,” Perez said. Read More :- https://www.401krollover.com/new-u-s-labor-department-law-could-prompt-more-401k-rollovers/

Keywords: 401k Rollover Forms

Other news and updates from 401kRollover.com

Union Loyalties Take Precedence over Customer Service at IRS from 401kRollover.com thumbnail
04/30/2015

Union Loyalties Take Precedence over Customer Service at IRS

A recent U.S. House of Representatives report revealed that the Internal Revenue Service (IRS) spent time that could’ve been used


IRS Blows $60 Million, Ignores 7 Million Customer Calls from 401kRollover.com thumbnail
04/30/2015

IRS Blows $60 Million, Ignores 7 Million Customer Calls

Employees at the Internal Revenue Service (IRS) got a merry Christmas in 2014 thanks to $60 million in end-of-year bonuses


Export-Import Bank Poised to Pay $2B to Foreign Companies from 401kRollover.com thumbnail
04/23/2015

Export-Import Bank Poised to Pay $2B to Foreign Companies

If Congress reauthorizes the Export-Import Bank, it could mean a $2 billion taxpayer liability over the next 10 years, with