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  2. Every 401(k) plan has at least one person who handles administering the plan and investing its assets. This role is known as plan fiduciary and it carries with it important responsibilities ...

  3. The Biden admin just finalized a controversial new ... - AOL

    www.aol.com/finance/biden-admin-just-finalized...

    Right now, those offering one-time financial advice aren't considered fiduciaries, nor does the law require a fiduciary standard for those providing advice to workplace plan sponsors about 401(k ...

  4. Employee Retirement Income Security Act of 1974 - Wikipedia

    en.wikipedia.org/wiki/Employee_Retirement_Income...

    The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...

  5. We are entrusted with the pensions of 4.7 million ... - AOL

    www.aol.com/finance/entrusted-pensions-4-7...

    That is what fiduciary duty is: loyalty and care. ... Big Tech employees missed out on $5.1 billion in 401(k) gains over the last decade because of fossil fuels, new research finds

  6. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  7. Fiduciary - Wikipedia

    en.wikipedia.org/wiki/Fiduciary

    A fiduciary duty is the highest standard of care in equity or law. ... Retirement plan administrators (including 401(k) plans) / retirees and workers;

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