For employees who've recently started a new job, the issue of what to do with a 401(k) from a previous employer can be intimidating, but it doesn't have to be.
Moving employees from a DB plan to a DC plan can result in increased costs, reduced savings, research from the National Institute on Retirement Security shows.
In addition to recommending changes around auditing, reporting, and penalities, the DOL's inspector general raised concerns about the DOL's ability to safeguard data and information systems.