Summary of GAO Study on Managed Accounts in 401(k)

The U.S. Government Accountability Office (GAO) has released its report on managed accounts in 401(k) plans.

GAO contacted MMI at the outset of its examination and we appreciated the opportunity to comment and consult with GAO throughout its examination.

We have prepared a brief summary of GAO’s concerns and recommendations – and the DOL’s response – which may be of interest to MMI members.