Written Statement on Understanding Brokerage Windows in Self-Directed Retirement Plans

This document is about the written statement provided by Chantel Sheaks of the U.S. Chamber of Commerce on the topic of brokerage windows in 401(k) plans. It discusses the prevalence and usage of brokerage windows, noting that while participant uptake is relatively low, they serve an important purpose in allowing plan sponsors to respond to unique participant investing needs. The statement recommends that the Department of Labor provide guidance to plan sponsors on the selection, monitoring, and disclosure requirements related to brokerage windows, but cautions against imposing additional burdens that could discourage their use.