1210-AC38 petition 0009 Schroeder, Debbie
Debbie SchroederSupportIndividual
Summary: The commenter supports the proposed rule, arguing that it will protect employers from frivolous lawsuits by plaintiffs' attorneys. They believe the rule will encourage 401(k) innovation and provide workers with better investment choices and retirement security.
American workers are missing out on choice, prosperity, and greater investment diversification in their retirement plans because plaintiffs' attorneys are filing frivolous lawsuits against employers.
These lawsuits create a climate of fear that discourages 401(k) plan innovation and limits employees' access to higher-return investment options. With a clear implementation of this rule, the Department of Labor and President Trump would help bolster retirement security for decades. I strongly support this rule.