Industry Finds Proposed Budget To Be Mixed Bag

The $4 trillion budget proposal submitted to Congress calls for several provisions, some old and some new, designed to give a retirement savings opportunity to those who do not have access to an employer-sponsored retirement plan. One provision sets aside $6.5 million at the Department of Labor, along with waiver authority, to allow a limited number of states to implement state-based automatic enrollment individual retirement accounts or 401 -type programs.



http://ift.tt/16faVx1