Trump reportedly wants to weaken workers’ protections over mishandled retirement savings
ProPublica reports that the administration is planning a regulatory rollback to encourage less-regulated—and often riskier—investments in 401(k) plans.
TLDR
ProPublica reports that President Trump wants to soften workers’ right to hold employers accountable when retirement savings are mishandled. Financial firms want a bigger share of the $10 trillion in America’s 401(k) plans, the outlet says, and the administration is planning a regulatory rollback to encourage less-regulated, often riskier investments.
Trump reportedly wants to weaken workers’ protections over mishandled retirement savings
ProPublica reports that the administration is planning a regulatory rollback to encourage less-regulated—and often riskier—investments in 401(k) plans.
TLDR
ProPublica reports that President Trump wants to soften workers’ right to hold employers accountable when retirement savings are mishandled. Financial firms want a bigger share of the $10 trillion in America’s 401(k) plans, the outlet says, and the administration is planning a regulatory rollback to encourage less-regulated, often riskier investments.