Testimony of Diann Howland on Understanding Brokerage Windows in Self-Directed Retirement Plans

This document is about the testimony of Diann Howland from the American Benefits Council on the topic of brokerage windows in 401(k) plans. It provides the results of a survey conducted by the council on the prevalence of brokerage windows, the reasons plan sponsors offer them, and the usage by participants. The testimony recommends that the Department of Labor maintain the current definition of brokerage windows and not impose additional fiduciary duties or burdens on plan sponsors that offer them.