FiduciaryNews

Posts From Christopher Carosa, CTFA

4 Essential Elements of Every Retirement Plan

The United States Department of Labor (DOL) has issued a booklet entitled “Meeting Your Fiduciary Responsibilities.” The DOL created this publication to help Employee Retirement Income Security Act (ERISA) plan fiduciaries better understand their duties and obligations. Included are four “essential elements” of all retirement plans.

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Do Mutual Fund Fees Really Matter to 401k Investors and Fiduciaries?

A mutual fund’s expense ratio represents only one factor in analyzing the appropriateness of a mutual fund as an investment. Other factors may in fact be more important (including, among other things, portfolio manager tenure, number of holdings, total net assets, investment objective and consistency of returns).

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10 Useful DOL Tips for Employers with Retirement Plans

Understanding fiduciary responsibilities is important for the security of a retirement plan and compliance with the law. Here are 10 tips excerpted from the United States Department of Labor booklet “Meeting Your Fiduciary Responsibilities” that may be a helpful starting point.

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The 7 Most Critical Action Steps 401k Fiduciaries Must Address Right Now

Are you a 401k fiduciary looking for ways to reduce your personal fiduciary liability? The US Department of Labor doesn’t expect the ERISA fiduciary to always produce favorable outcomes for retirement plan beneficiaries. Rather, the DOL expects the 401k fiduciary to carefully document and prudently execute all aspects of the retirement plan. Here are seven critical action steps.

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5 Important Duties of Every ERISA Fiduciary

An employee places much trust in an Employee Retirement Income Security Act (ERISA) fiduciary. Because they have the responsibility to act on behalf of retirement plan beneficiaries, plan fiduciaries are held to certain standards of conduct by the United States Department of Labor.

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