Headline: Advisors Wonder Why DOJ Wants To Quash New Retirement-Savings Plans
Publication: Financial Advisor
Article Date: Sep 20, 2019
“The U.S. Department of Justice is backing a lawsuit that seeks to invalidate the new California state retirement plan. The move is a head scratcher for many financial advisors, who say the CalSavers plan is not only creating future advisor clients who have well-funded retirement plans, but immediately provides an affordable, low-maintenance 401(k) option to employers, while forcing all employers with five or more employees to offer a plan by 2022.” Read article…