Not only does the typical plan sponsor not have investing in employee education as a high priority, but they also likely don’t have the wherewithal to monitor the consistency of how the provider runs the education program.
Posts From Christopher Carosa, CTFA
Lotsa talk (but no action yet), a fee “I told you so,” and redefining investing.
It’s clear that 401k plan sponsors ought to educate themselves when it comes to managing their investment provider relationship. This is the broadest fiduciary liability risk area. If plan sponsors don’t pay close attention, they may find themselves gasping for air.
Taking their time, birds of a feather, and Tontine Tuesday.
Nobody’s perfect. It’s unfair to expect recordkeepers to be. Everyone makes mistakes—even recordkeepers. The problem is what happens when a mistake occurs.
Mickey Mantle’s rookie card, state-sponsored aggression, and ESG chickens coming how to roost.
How do you solve, for example, the problem of integration between the payroll software and the 401k recordkeeper’s website?
Big Brother, Godot, and Latin attack skills.
“I was [once] a major skeptic of the use of annuities, I have subsequently changed my mind regarding the efficacy of low-cost fixed and variable annuities in both personal and retirement accounts.”
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 9/23/22
Lean news, business practice oddities, and baseball.