Congress sets stage for showdown over 401(k) fees, practices

Congress sets stage for showdown over 401(k) fees, practices

The 401(k) industry appears headed for the sort of intense scrutiny that led to earlier overhauls of mutual funds sales and other Wall Street activities. Congressional Democrats -- bolstered by numerous lawsuits and a finding by the Government Accountability Office that some 401(k) practices "may not be in the best interest" of investors -- are calling for public hearings.

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