Many firms break the law with retirement plans, professor argues

04/25/2013 | Inc. online (free registration)

Many defined-contribution retirement plans perform so poorly that the firms that offer them are violating their fiduciary duty and making themselves vulnerable to employee lawsuits, according to James Kwak, a professor at the University of Connecticut School of Law. Small employers should consider offering Simple IRAs as opposed to 401(k) plans, which often are expensive to set up and administer, Kwak argues.

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