401 (K) Plans: Certain Investment Options and Practices That May Restrict Withdrawals Not Widely Understood
DIANE Publishing, May 1, 2011 - 73 pages
401(k) plan sponsors offer an array of appropriate investment options; participants direct their investments among those options. While participants expect to be able to switch investment options or withdraw money from their accounts, during the recent economic downturn, some 401(k) plan sponsors and participants found that they were restricted from doing so. This report: (1) identifies some of the specific investments and practices that prevented plan sponsors and participants from accessing their 401(k) plan assets; and (2) determines any changes the Dept. of Labor could make to assist sponsors in understanding the challenges posed by the investments and practices that restricted withdrawals. Charts and tables. This is a print on demand report.
What people are saying - Write a review
We haven't found any reviews in the usual places.
asset value asset-backed asset-backed security assist plan sponsors balanced funds banks book value broker-dealer cash collateral pool cash collateral reinvestment collateral pool manager commingled defined contribution plans Dodd-Frank Act earned employer-initiated event ERISA Advisory Council federal fees fiduciary help plan sponsors index fund industry experts insurance company investment options offered Lehman lend securities lending with cash liquidity loan market value money market funds mortgage-backed securities mutual funds net asset value options that lent participant disclosure regulations percent plan assets plan participants plan service providers plan’s practice of securities rate of return Real estate accounts rebate receive redemption securities lending agent securities lending programs securities lending transaction share specific sponsors and participants stable value contracts stable value fund stable value portfolio Target date funds typically underlying assets value fund contract value fund provider Value Investment withdrawal restrictions wrap contract provider wrap providers