When the Department of Labor released its latest regulatory agenda last fall, the question of brokerage windows in 401(k) plans was high on its list of concerns.
It's also high on the list of industry concerns, with much hand-wringing about the possibility of new disclosure standards, administrative costs and other fiduciary duties.
The DOL has been weighing what to do about brokerage windows – a feature that provides access to a broader range of investments beyond a typical 401(k) plan's core menu – for about as long as it has been working on expanding its fiduciary rule.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
