Too many accept the definition of âfeesâ without deliberation. Yet, even by looking solely at the fees associated with investment choice, the fiduciary can land in a state of confusion. This only increases liability. How can we fix this?
Under the DOLâs proposed Investment Advice Rule, if a plan enters into a prohibited relationship with a vendor â or if an existing relationship now becomes prohibited â fiduciary liability rises. Can the 401k fiduciary afford to ignore these critical issues?
Are you breathing a sigh of relief? Commentators seem to have coalesced around several key benefits of this proposed Rule. Can you see these helping your plan’s participants?