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Regulation and Compliance > Federal Regulation

EBSA Proposes Default Investment Regs

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The Employee Benefits Security Administration has published a draft of rules that could help create default investment alternatives for participant-directed retirement plans.

The proposed regulation would help EBSA, an arm of the U.S. Department of Labor, implement the automatic 401(k) member enrollment provisions of the new federal Pension Protection Act.

EBSA officials note in a preamble to the proposed regulation, which appears today in the Federal Register, that the cost of any default investment alternatives will be one concern.