JOINT LETTER: 19 Organizations and Individuals Call on Labor Department to Withdraw Policy that Lets Private Equity Loot Retirement Plans
The undersigned groups, which advocate on behalf of consumers, workers, investors, and retirees, write to express our grave concerns regarding the Department’s June 3rd information letter concerning the use of private equity investments in designated investment alternatives made available to retirement savers through individual account plans, such as 401(k) plans.