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401(k) plans
Trends
- 1Trump Administration Seeks To Weaken 401(K) Protection▼Trump Administration Looks To Soften Vital 401(K) Protection
The Trump administration is reportedly looking to soften a vital protection for 401(k) retirement accounts, according to a Forbes report. The move touches a plan feature safeguarding millions of American workers' retirement savings, and it has drawn attention from personal finance commentators concerned about what weaker protections could mean for ordinary savers.
- 2Business Groups Back AT&T in 401(k) Forfeiture Appeal▼ERIC, Business Groups Back AT&T in 401(k) Forfeiture Appeal
AT&T is contesting a legal challenge over its use of forfeited funds in its 401(k) plan, and ERIC along with other business groups have filed support for the company. The case is being closely watched because it could shape how employers across the US are allowed to use forfeited retirement plan money, a practice worth billions industry-wide.