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Compliance
Whether you’re an ERISA/401k fiduciary, an individual trustee or a professional fiduciary, you must comply with federal, state or self-regulatory agencies. The material in this section focuses on practical implementation.
Momentum Builds to Place IRAs Under Fiduciary Umbrella
Having no idea what the fiduciary means, and worse, not caring, most IRA R/O investors are sheep heading for their (financial) slaughter. Not anymore, if the DOL’s Phyllis Borzi has her way.
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How Should a 401k Plan Sponsor Construct an Appropriate Investment Policy Statement?
For those who believe an Investment Policy Statement (IPS) for an ERISA retirement plan helps reduce fiduciary liability, here’s a nine step process for creating a strong IPS.
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401k Plan Sponsors: Is Your Investment Policy Statement Still Using Outdated Language?
How old is that 401k Investment Policy Statement? If it hasn’t been updated in a while, chances are it contains language that could get the Plan Sponsor in trouble. Here’s at least one thing you can look for.
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What 401k Plan Sponsors Might Expect from Proposed Fiduciary Rules
It might surprise you to discover the industry’s loudest complaints against the fiduciary standard might also be the strongest arguments for the fiduciary standard.
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Transcript of Phyllis Borzi’s Opening Remarks at March Fiduciary Hearings
For all the public comments offered at the DOL’s Public Hearing on the definition of the Definition of Fiduciary, perhaps the most important statement was the one offered by Assistant Secretary to open the hearings.
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How Will New ADV Part 2 Help (or Hurt) 401k Plan Sponsors?
The SEC’s new Form ADV Part 2 makes it harder for 401k Plan Sponsors to feign ignorance when it comes to conflicts of interest.
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DOL Fiduciary Hearings: Why 401k Plan Sponsors Need to Pay Attention
Since no individual 401k plan sponsors seem interested in testifying at a hearing about an issue intended to protect them, we’ve provided three possible outcomes from the DOL Fiduciary hearings and their implications for 401k plan sponsors.
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New York Fiduciary Panel Yields Surprise Honesty While Drawing Lines in the Sand
Thus were lines drawn in the sand. We’re left to wonder if the tide of time will wash away those lines or merely wash away the sense of urgency for a uniform fiduciary standard.
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SEC Fiduciary Report: Who Won? Advisers? Brokers? Or 401k Plan Sponsors?
Was the initial euphoria of proponents of the Fiduciary Standard premature? Read the fine print of the SEC report here and decide for yourself.
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Exclusive Interview: Boston ERISA Legal Author Stephen Rosenberg Explains DOL’s New Fiduciary Definition
Did the DOL just upstage the SEC? Or merely raise the liability for the 401k fiduciary?
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