DOL said to keep stable value off default option list
The Department of Labor has rejected a proposal by the insurance industry to include stable-value funds as a default option for 401(k) plans, according to industry sources.
WASHINGTON — The Department of Labor has rejected a proposal by the insurance industry to include stable-value funds as a default option for 401(k) plans, according to industry sources.
The Labor Department on July 11 submitted to the Office of Management and Budget a proposal for the types o
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