The One-Handed Economist

I was all geared up to write about this, and what a terrible idea it is (because it kinda seems that way). But then I talked to my dad, who’s entire career has been Corporate Trust and retirement plans, and it turns out that sponsor forms already have the option to set up 401(k) plans as either opt-in or opt-out. There’s also already plenty of regulatory guidance on how to choose a default plan. So all the proposal would do is take a choice away from firms. Granted, I still think that’s a crap idea, but it’s not as odious as I thought upon first inspection. And I was all excited to be pissed about it too. Oh well. I’ll just have to get angry about this bull instead.

This entry was posted on Tuesday, April 26th, 2005 at 8:31 pm and is filed under Punching Above My Weight. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.