What is Your Retirement Account Funding?

Molly Vogt examines the influence of the world's largest asset managers—specifically BlackRock, Vanguard, and State Street—on the American economy and the retirement accounts of individual investors. ERISA and Fiduciary ResponsibilityThe Employee Retirement Income Security Act (ERISA), enacted in 1974, was designed to protect workers' pension and retirement plans.Fiduciary responsibility for managing these 401k plans typically rests with the "plan sponsor," which is the employer, rather than the investment brokers who sell the plans.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.