While everyone’s talking about the potential impact the DOL’s proposed new Fiduciary Rule will have on IRAs and the brokerage industry, the greater impact may be on recordkeepers within the 401k industry.
The DOL is poised to endorse the continued use of the very fees it claims are costing retirement savers billions per year.
When it comes to being a fiduciary, the customer is, most assuredly, not always right.
There are good examples of “best interests” and bad examples of “best interests,” but the ugly truth is we won’t know the practical definition of “best interests” until the courts decide.
Things in the news aren’t as they seem, but that doesn’t mean they’re not as they seem.
Just because something is measurable doesn’t mean it’s relevant.
Here’s a checklist that will make the lives of 401k plan sponsors much easier.
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