Things just got a lot tougher for plan sponsors. Here’s what expert ERISA attorneys have to say.
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When the IRS press conference leaves reporters with unanswered questions, reporters turn to industry pros to get a better view of the issue.
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Mixed reviews on dual IRS/DOL announcement; Surveys indicate 401k plan sponsors might be in for an awful surprise; and, is the Annuity the financial industry equivalent of the Chevy Volt?
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Lesson: Always read the fine print. If it’s too good to be true, it usually is.
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This was the week we were all waiting for from the DOL. What we didn’t expect was the surprise from the IRS and the bipartisan agreement from two former SEC chairmen.
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The adage you can’t serve two masters is as old as the Bible. So why are 401k plan sponsors making this mistake and why is the DOL allowing them to do so?
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The war for the fiduciary begins to shift arenas, we learn the downside of “low-cost” and all indications are the financial industry still hasn’t learned the root cause of the 2008 crisis.
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Want to know some real, reliable and independent sources of 401k benchmarking data? Read on.
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How a common grade school device can help immediately improve your 401k plan.
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Fiduciary News provides essential information, blunt commentary and practical examples for ERISA/401k fiduciaries, individual trustees and professional fiduciaries. Our chief contributor is Chris Carosa.
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FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 2/17/12
By Christopher Carosa, CTFA | February 21, 2012
Washington attacks 401k plans as states move to convert DB plans to DC plans, fiduciary advocates take off the gloves, annuities replace TDFs as favorite whipping boy and more.
Read the full story...Posted in Commentary, Trending Topics | Tagged Annuity, Congress, cost of 401k, cutting pension, DB, disqualified person, DOL, fee, Fee Disclosure, fiduciary, Fiduciary Standard, financial literacy, freeze DB, IRA, pension, Presidential Budget, proxy voting, retirement, State Pension Conversion, target date fund, tax | Leave a response