Browsing Tag
Government Accountability Office (GAO)
19 posts
How to Reduce Early Withdrawals from 401ks
Most retirement professionals do their best to discourage people from taking early withdrawals, but occasionally, circumstances arise where…
Half of Older Americans Have No Retirement Savings? Not so fast…
Sound the alarm bells! The U.S. Government Accountability Office said in an “updated” report this week that 48%…
3 Steps to Better Tax Treatment of Missing 401(k) Funds
What happens when 401(k)s are orphaned by employees? Like any other unassigned assets, they’re transferred to the states…
GAO: Clearer ESG Info in 401ks Would Be ‘Helpful’
In somewhat passive-aggressive language, the Government Accountability Office called on its Washington-based brethren at the Department of Labor…
Plan Sponsors Fail to Find 25 Million 401(k Accounts
Between 2004 and 2013, plan sponsors failed to connect approximately 25 million retirement accounts with their employee owners.…
Major Retirement Trouble on the Horizon: GAO
Economic and societal trends—such as increases in debt and health care costs—can impede individuals’ ability to save for…
GAO Report Slams ‘Costly’ 401k Vesting Policies
A survey of company 401k vesting policies and schedules by the Government Accountability Office (GAO) finds outdated rules that…
Do 401(k)s Create Income Inequality?
Income inequality, the term du-jour for pundits and politicians in an election year, can now be applied to…
This 401(k) Action Plan is So Crazy It Might Work …
The Government Accountability Office (GAO) found that about half of private sector workers lack coverage from a 401(k)…